Description
Wall Street and the surrounding blocks in Antebellum Richmond, Virginia were home to several dozen slave dealers and auction houses where tens of millions of dollars changed hands before and during the war, providing the fuel that drove the Southern economy. This wealth was central to the economics of the pre-war South, as well as to the fledgling Confederate States of America after secession. The influence of slavery in the economy is evidenced by GNP statistics, which show that the South's portion of the national GNP fell from 30% in 1860 to a mere 10% in 1870. This was due in large part to the abolition of slavery, which essentially wiped out millions of dollars in capital instantly.
