Seven per cent of the total population of the South in 1860 owned nearly 3 million of the 3,953,696 slaves. There was nearly as great a concentration of ownership in the best agricultural land. This meant that in a country predominantly agricultural, the ownership of labor, land and capital was extraordinarily concentrated. Such peculiar organization of industry would have to be carefully reconciled with the new industrial and political democracy of the nineteenth century if it were to survive.

Of the five million whites who owned no slaves some were united in interest with the slave owners. These were overseers, drivers and dealers in slaves. Others were hirers of white and black labor, and still others were merchants and professional men, forming a petty bourgeois class, and climbing up to the planter class or falling down from it. The mass of the poor whites, as we have shown, were economic outcasts.