Securing Human Property: Slavery, Life Insurance, and Industrialization in the Upper South

Securing Human Property: Slavery, Life Insurance, and Industrialization in the Upper South Beginning in the 1830s and continuing throughout the antebellum period, life insurance expanded rapidly among the urban middle class of the Northeast as a means of protecting families against the loss of their primary breadwinner. As life insurance spread to the South, it was most strongly embraced by slaveholders. Creative southerners of both races adopted insurance to alleviate some of the most evil consequences of the slave trade, while urbanites of the South promoted insurance as a means of mitigating the untimely loss of their slave property. By the 1850s, the industry was firmly established in Richmond–underwriting the lives of slaves engaged in dangerous occupations, valued as artisans or house slaves, or hired out for work in factories and railroads–and was expanding rapidly into the other industrialized areas of Virginia. Indeed, life insurance was fast becoming a key component of industrialization in the Upper South. With the purchase of insurance, urban slaveholders demonstrated their confidence in both the longevity of the slave system itself and the value of slavery for the future of southern industrialization. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Early Republic University of Pennsylvania Press

Securing Human Property: Slavery, Life Insurance, and Industrialization in the Upper South

Journal of the Early Republic, Volume 25 (4)

Loading next page...
 
/lp/university-of-pennsylvania-press/securing-human-property-slavery-life-insurance-and-industrialization-oU0BSgWrn1
Publisher
University of Pennsylvania Press
Copyright
Copyright © 2005 Society for Historians of the Early American Republic.
ISSN
1553-0620
Publisher site
See Article on Publisher Site

Abstract

Beginning in the 1830s and continuing throughout the antebellum period, life insurance expanded rapidly among the urban middle class of the Northeast as a means of protecting families against the loss of their primary breadwinner. As life insurance spread to the South, it was most strongly embraced by slaveholders. Creative southerners of both races adopted insurance to alleviate some of the most evil consequences of the slave trade, while urbanites of the South promoted insurance as a means of mitigating the untimely loss of their slave property. By the 1850s, the industry was firmly established in Richmond–underwriting the lives of slaves engaged in dangerous occupations, valued as artisans or house slaves, or hired out for work in factories and railroads–and was expanding rapidly into the other industrialized areas of Virginia. Indeed, life insurance was fast becoming a key component of industrialization in the Upper South. With the purchase of insurance, urban slaveholders demonstrated their confidence in both the longevity of the slave system itself and the value of slavery for the future of southern industrialization.

Journal

Journal of the Early RepublicUniversity of Pennsylvania Press

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off