Replication data for: Betting on Secession: Quantifying Political Events Surrounding Slavery and the Civil War
Principal Investigator(s): View help for Principal Investigator(s) Jonathan Pritchett; Charles W. Calomiris
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| AER_2013_1483_data | 08/02/2019 10:07:PM | ||
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text/plain | 14.6 KB | 08/02/2019 06:07:PM |
Project Citation:
Project Description
Summary:
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Lincoln's election produced Southern secession, war, and abolition. Using a new dataset on slave sales, we examine connections between news and slave prices for the period 1856-1861. By August 1861, slave prices had declined by roughly one-third from their 1860 peak. That decline was similar for all age and sex cohorts and thus did not reflect expected emancipation without compensation. The decision to secede reflected beliefs that the North would not invade and that emancipation without compensation was unlikely. Both were encouraged by Lincoln's conciliatory tone before the attack on Fort Sumter, and subsequently dashed by Lincoln's willingness to wage all-out war. (JEL D72, D74, D83, G14, H77, N31, N41)
Scope of Project
JEL Classification:
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D72 Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
D83 Search • Learning • Information and Knowledge • Communication • Belief • Unawareness
D74 Conflict • Conflict Resolution • Alliances • Revolutions
H77 Intergovernmental Relations • Federalism • Secession
N31 U.S. • Canada: Pre-1913
G14 Information and Market Efficiency • Event Studies • Insider Trading
N41 U.S. • Canada: Pre-1913
D72 Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
D83 Search • Learning • Information and Knowledge • Communication • Belief • Unawareness
D74 Conflict • Conflict Resolution • Alliances • Revolutions
H77 Intergovernmental Relations • Federalism • Secession
N31 U.S. • Canada: Pre-1913
G14 Information and Market Efficiency • Event Studies • Insider Trading
N41 U.S. • Canada: Pre-1913
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