The Intergenerational Effects of a Large Wealth Shock: White Southerners after the Civil War - American Economic Association - discu.eu

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Southern slaveholder households in 1860 lost substantially more wealth by 1870 than comparable Southern households. Yet, their sons almost entirely recovered from this wealth shock by 1900 & their grandsons completely converged by 1940. Reason: Marriage networks & connections to other elite families https://www.aeaweb.org/articles?id=10.1257/aer.20191422 100 comments 27/10/2021 science

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Many wealthy members of Congress are descendants of rich slaveholders − new study demonstrates the enduring legacy of slavery https://theconversation.com/many-wealthy-members-of-congress-are-descendants-of-rich-slaveholders-new-study-demonstrates-the-enduring-legacy-of-slavery-239077 60 comments

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