What was the single largest financial asset in the U.S. economy in the mid-1800s?
A) Land
B) Slaves
C) Cotton
D) Ships

Question

Quizplus · Accepted Answer

Slaves were considered the single largest financial asset in the U.S. economy in the mid-1800s, particularly in the Southern states. Their value, both as laborers and as property that could be bought, sold, and used as collateral, exceeded the value of all other assets combined in those regions.

What Was the Single Largest Financial Asset in the U