¶ Capital Worth of U.S. (1)
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Index Entry
Capital Worth of U.S.:
"After the censuses of 1790 and 1810, Congress decided it would be a good idea to have an economic census of the country. As the beautiful document in Washington shows, there were one million human families in the United States in 1810. There were also one million human slaves, a formidable figure. Obviously all the families didn’t have slaves. Very few did, but the point is that the one-for-one ratio must be recognized.
"The census found that the average homestead was worth $350 and the average slave was estimated to be worth $440; so the human machine was deemed more valuable than the homestead.
"Taking the total valuation, including canals, highways, and so forth, and the estimated value of the wilderness at $1500 per family, the U.S. Treasury came to the conclusion that the value of the United States in 1810 was $3 billion.
“Despite many inflation-deflation fluctuations since 1810, there is relative magnitude significance in the fact that last”
