Patrick Byrne

@PatrickByrne ↗

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Last Checked March 16, 2023

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Tue Mar 14 14:25:26 +0000 2023

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Patrick Byrne @PatrickByrne

Slavery then grew steadily until by the 1850s it was generating 5% of US GDP (with 4 million enslaved). In comparison, our automobile industry reached 5% at its 1973 zenith. Thus it IS fair to say that slavery was a substantial part of US GDP by the time of our Civil War. — PolitiTweet.org

Posted March 14, 2023

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Patrick Byrne @PatrickByrne

At the time of the American Revolution, slavery was responsible for .5% of GDP. But with the invention of the "Cotton 'gin" (1793), slavery became much more profitable, and hence began robust growth. — PolitiTweet.org

Posted March 14, 2023

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Patrick Byrne @PatrickByrne

Cotton also contributed to broader US progress. It spurred development of railroads & shipping able to transport cotton to the mills of England. It spurred growth of Wall Street commodity markets. To this point, my claims and BLM-1619 doctrine line up. — PolitiTweet.org

Posted March 14, 2023