Abraham Lincoln Quotes

Less than one half-day’s cost of this war would pay for all the slaves in Delaware, at four hundred dollars per head?—that eighty-seven days cost of this war would pay for all in Delaware, Maryland, District of Columbia, Kentucky, and Missouri at the same price?

Essentially, the case of moral hazard was made against paying the slave owners. Lincoln took a pragmatic approach. However, not only was Northern opposition too strong for this proposal, but the Southern slave holders would never agree to selling their slaves. What Lincoln and most “pragmatic” Northerners did not realize is that even if the slave owners would get a fair market price for the slaves, they would be left with land and no way to work it. Their families would have no servants. They might have to work themselves like Northern farmers did, and their entire standard and style of living would be destroyed. Their sons were not well educated as many Northern young men were and were brought up to be gentlemen, politicians, and occasional soldiers—not work with their hands. They could not compete. And the slaveholders were right as the whole history of Reconstruction and backwardness demonstrated for more than 100 years.
Abraham Lincoln
Abraham Lincoln
  • Born: February 12, 1809
  • Died: April 15, 1865
  • Nationality: American
  • Profession: President

Abraham Lincoln was an American politician and lawyer who served as the 16th President of the United States from March 1861 until his assassination in April 1865. Lincoln led the United States through its Civil War—its bloodiest war and its greatest moral, constitutional, and political crisis. In doing so, he preserved the Union, abolished slavery, strengthened the federal government, and modernized the economy.