Date of Award
Master of Arts
Master of History
The writer, having a desire to know more of the underlying facts relating to the Texas economy and the nature of the native capital present in our illustrious state before the Civil War, has engaged in the following investigation. The concern of the study is directed toward industrial relatedness in our state at a time when agrarian pursuits were supposed to have been dominating.
Our historical observations are focused upon the vast change that occurred between the years 1850 to 1860. Being interested in Economics or Business history, I believe that most of our problems stem from an economic bass, that are usually solved with progressive innovations. In this case, the innovation is passing from an agriculturally oriented economy to a commercially oriented economy.
Realizing that Economic history provides a clear and comprehensive approach to understanding events and occurrences, I have attempted the following study.
The problem of this study arises out of a question concerning the economic value of slavery to the general economy of the Agrarian South.
The question is: Did slavery freeze the capital of the planter or drain away the capital of the South and thus destroy opportunity for expression of the creative entrepreneurial impulse?1 Scholars who have written on the economic advantages and disadvantages of slavery express many and varied opinions.
1G. R. Woolfolk, "Cotton Capitalisms and Slave Labor in Texas," Southwestern Social Science Quarterly, Vol. 37, No. 1 (June, 1956), p. 49.
George R. Woolfolk
James S. Payne
Prairie View A&M College
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Date of Digitization
John B Coleman Library
City of Publication
Akins, W. C. (1963). The Development of Native Capital in Texas 1850 to 1860. Retrieved from https://digitalcommons.pvamu.edu/pvamu-theses/471