A New Balance of Payments for the United States, 1790–1919Ships and Slaves
A New Balance of Payments for the United States, 1790–1919: Ships and Slaves
Officer, Lawrence H.
2021-03-25 00:00:00
[Ship sales, a balance-of-payments credit separate from merchandise, are generated as the product of price and volume. Superior price data than predecessors employed is the main contribution here. Slave imports are a debit item. For U.S.-ship transportation of slaves (whether from Africa or the Caribbean), the cost of purchase is pertinent; for foreign-ship disembarkations, the U.S. selling price is applicable. The balance of payments includes only the cost or revenue of the slave-ship owners; excluded are the costs to the enslaved people themselves (liberty, dignity, labor exploitation).]
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A New Balance of Payments for the United States, 1790–1919Ships and Slaves
[Ship sales, a balance-of-payments credit separate from merchandise, are generated as the product of price and volume. Superior price data than predecessors employed is the main contribution here. Slave imports are a debit item. For U.S.-ship transportation of slaves (whether from Africa or the Caribbean), the cost of purchase is pertinent; for foreign-ship disembarkations, the U.S. selling price is applicable. The balance of payments includes only the cost or revenue of the slave-ship owners; excluded are the costs to the enslaved people themselves (liberty, dignity, labor exploitation).]
Published: Mar 25, 2021
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