Wealth, Slave Ownership, and Fighting for the Confederacy: An Empirical Study of the American Civil War. Andrew B. Hall, Connor Hu, Shiro Kuriwaki. February 10, 2018.
Abstract: How did personal wealth affect the likelihood southerners fought for the Confederate Army inthe American Civil War? We offer competing accounts for how we should expect individual wealth, in the form of land, and atrociously, in slaves, to a ect white men's decisions to join the Confederate Army. We assemble a dataset on roughly 3.9 million white citizens in Confederate states, and we show that slaveowners were more likely to ght in the Confederate Army than non-slaveowners. To see if these links are causal, we exploit a randomized land lottery in 19th-century Georgia. Households of lottery winners owned more slaves in 1850 and were more likely to have sons who fought in the Confederate Army than were households who did not win the lottery. Our results suggest that for wealthy southerners, the stakes associated with the conflict's threat to end the institution of slavery overrode the incentives to free-ride and to avoid paying the costs of war.
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