According to historical figures, what was argued about the nature of slavery in relation to economic status?

The assertion that slavery improved the economy is supported by the views of several historical figures and proponents of slavery before the Civil War. They claimed that the institution of slavery provided a stable labor force that was crucial for the agricultural economy, especially in the Southern states where cash crops like cotton and tobacco required intensive labor.

Proponents argued that the wealth generated from these crops fueled not only local economies but also contributed to the national economy by supplying raw materials for American and global industries. This perspective viewed slavery as an integral part of economic prosperity, as plantation owners became wealthy and were able to spend money on goods and services, thereby stimulating economic activity in their regions.

This argument was often used to justify the continuation and expansion of slavery, suggesting that it was beneficial not only for slaveholders but also for the overall economy. While modern economic analyses would challenge this view, at the time, many believed that the economic benefits derived from slavery were essential for maintaining and growing economic status in the South and beyond.