Chicago-Kent Law Review Volume 82 Issue 1 Symposium: 150th Anniversary of the Article 13 Dred Scott Decision December 2006 Stay East, Young Man? Market Repercussions of the Dred Scott Decision Jenny B. Wahl Follow this and additional works at: https://scholarship.kentlaw.iit.edu/cklawreview Part of the Law Commons Recommended Citation Jenny B. Wahl, Stay East, Young Man? Market Repercussions of the Dred Scott Decision, 82 Chi.-Kent L. Rev. 361 (2007). Available at: https://scholarship.kentlaw.iit.edu/cklawreview/vol82/iss1/13 This Article is brought to you for free and open access by Scholarly Commons @ IIT Chicago-Kent College of Law. It has been accepted for inclusion in Chicago-Kent Law Review by an authorized editor of Scholarly Commons @ IIT Chicago-Kent College of Law. For more information, please contact
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[email protected]. STAY EAST, YOUNG MAN? MARKET REPERCUSSIONS OF THE DRED SCOTT DECISION JENNY B. WAHL* [I]t is the opinion of the court that the act of Congress which prohibited a citizen from holding and owning property of this kind in the territory of the United States north of the line therein mentioned, is not warranted by the Constitution, and is therefore void .... Dred Scott v. Sandford' INTRODUCTION With a single sentence, U.S. Supreme Court Chief Justice Roger Taney affirmed the value of one type of property-slaves-and undercut the value of another-western land. Uncertainty about land markets suf- fused the economy in family decisions about whether and where to migrate, in the transportation sector (particularly railroads), in financial markets, and in politics.