You have no concept of a plantation economy, do you? This would have utterly destroyed the economy of every slave-dependant state. There is no way they would have stood for it. The South wasn’t practicing chattel slavery just for kicks. When the British freed the slaves in Jamaica it collapsed the local economy. For the most part they didn’t really care, it was far away and at the time amounted to less than 5% of their economy.
The South had no industrial base to switch their economy to. They were decades behind the North and the UK; they had barely experienced the Industrial Revolution prior to Reconstruction. They had no factories and no railroads. They imported everything. Without the plantations there was nothing.
There are also other factors that you are ignoring, such as slave uprisings and rebellions that occured in Jamaica that never happened in the US. In 1831, before the British freed the slaves, there was the Baptist War (aka the Christmas Uprising or the Great Jamaican Slave Revolt). It lasted for 10 days and a full fifth of Jamaica’s slaves participated. Not many people died (only 14 whites, 500 slaves) but the property damage was immense, roughly equal to $77,115,372.59 today. The British were also facing constant attacks from Maroons (escaped slave communities) from 1800 on. The lack of money coming in from the plantations meant that it cost them far more to keep slavery than to abolish it. There was never a slave uprising comparable to the Baptist War in the US to make people reconsider the financial cost.
There’s also the cost of buying all those slaves from their owners. I don’t think that it was even feasible. The number of British slave owners was small. Not so in the US. And a plantations with 20 or more slaves had more value in the slaves then it did in the land and buildings.
You’re asking for not only an enormous financial payment by the North but also for the South to sit by and watch it’s entire economy collapse. Considering they left the Union for less, there is no way it would have ever happened.
You can’t possibly be serious. You honestly think the root of racism is because some White Southerners weren’t compensated for the freeing of their slaves? Doesn’t this directly contradict your point that Lincoln was racist? He never had any slaves.
What about racism to non-blacks?
So we’re ignoring Reconstruction then? Yeah, it had corruption problems, but it rebuilt the South. It built schools, factories, and railroads. All things the South lacked. If you’re going to compare it like that it was far closer to the rebuilding of Japan after WW2.
Prior to the Civil War skilled labor was done almost entirely in the North because there were no educated workers in the South. 25% of whites in the South couldn’t even read. That changed with Reconstruction. Over 18,000 miles of railway were built in the South during Reconstruction. Natural resources were developed and factories were built.