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Free Colored Persons 476,748
Total Free Population 27,233,198
Total Number of Slaves 3,950,528
Slaves as % of Population 13%
Total Number of Families 5,155,608
Total Number of Slaveholders 393,975
% of Families Owning Slaves 8%
The price of slaves increased steadily from 1802 to 1860. In 1810, the price of a “prime field hand” was $900; by 1860, that price had doubled to $1,800.
So if the Union bought all of the slaves it would have cost $7,110,950,400. Where does Ron Paul think the government would have been able to come up with that amount of cash?
