Chapter 3 - The Price of Slaves in New York and New Jersey, 1700–1830

Summary

Chapter 3 establishes that the Dutch had economic incentives to continue holding slaves. Slavery in Dutch New York was not just a cultural choice, but was reinforced by economic considerations. From archival sources and published secondary sources, I have compiled a unique dataset of prices for over 3,350 slaves bought, sold, assessed for value, or advertised for sale in New York and New Jersey. This data has been coded by sex, age, county, price, and type of record, among other categories. It is as far as I know the only slave price database for slaves in the Northern states yet assembled. Regression analysis allows us to compute the average price of Northern slaves over time, the relative price difference between male and female slaves, the price trend relative to known prices in the American South, and other variables such as the price differential between New York City slaves and slaves in other counties in the state. Slave prices in New York and New Jersey appear relatively stable over time, but declined in the nineteenth century. The analysis shows that slaveholders in Dutch New York were motivated by profit, and they sought strength and youth in purchasing slaves.