USA HISTORY

Detailed explanation-1: -A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops, grown on large farms worked by laborers or slaves. The properties are called plantations. Plantation economies rely on the export of cash crops as a source of income.

Detailed explanation-2: -Slavery was an economically efficient system of production, adaptable to tasks ranging from agriculture to mining, construction, and factory work. Furthermore, slavery was capable of producing enormous amounts of wealth.

Detailed explanation-3: -According to Anderson, “80 percent of the nation’s gross national product was tied to slavery” in 1860.

Detailed explanation-4: -The settlements required a large number of laborers to sustain them. Because these crops required large areas of land, the plantations grew in size, and in turn, more labor was required to work on the plantations. Plantation labor shifted away from indentured servitude and more toward slavery by the late 1600s.