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by: jaxxgrace

notes ECON 201


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Principles of Economics: Microeconomics
Bruce Brunton
Class Notes
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This 2 page Class Notes was uploaded by jaxxgrace on Wednesday April 27, 2016. The Class Notes belongs to ECON 201 at James Madison University taught by Bruce Brunton in Summer 2015. Since its upload, it has received 11 views. For similar materials see Principles of Economics: Microeconomics in Business at James Madison University.


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Date Created: 04/27/16
History 225 LECTURE Notes Paternalism, Profit, and the problem of the Good Master I. How slave holders told themselves about how they managed their plantations a. How they justified what they did II. How they actually managed their plantations Image vs Reality 1. Slaveholders of Legend -Aristocratic -Traditional  Argued their roots went way back into colonial period  Houses modeled to look like manors in Europe -Regarded themselves as:  Sophisticated, educated, respectful, genteel -Stable and Comfortable  Created a world of wealth, serene surroundings -Paternal and Benevolent  Took care of their dependents; family, and slaves -Legend and Proslavery Apologetics  Strengthening of Slavery (after 1830) o Planter class is reaching political dominance o White supremacy; solidarity/unity o Decline of anti-slavery sentiment (slavery no longer seen as a problem)  Proslavery Argument o Slavery is a positive good o Freedom not universal entitlement but privilege for certain people o Argue slavery shouldn’t bother Americans; biblical and political justifications o Moral superiority over north o Aunt Phillis’s Cabin- southern response to toms cabin -Slaveholders in Reality  Master-Slave relationship o Slave as Will of the Master  Law denied slaves any legal personhood; regarded as nothing more than extension of the will of the master  Slaves cannot marry, own property, cant leave plantation, cannot be educated  Paternal and Benevolent? o Slaves beat into submission  Profit-Maximizing and Tyrannical?  Law does not recognize slave community -Problem of the Good Master -Good master obscure:  Regardless of demeanor, plantation owners are ruthless exploiters who profited from dependence on slave labor  Masters pushed slaves aggressively to increase output on plantations  Cotton  Nothing to prevent pushing slaves too hard  Unrestrained domination of market forces compels masters to act with brutality, cruelty, and oppression, in order to protect and ensure financial position and ensure financial profitability of their plantations


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