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The abolitionists of the north wanted the slaves counted as zero because that would mean less seats in the House of Representatives and less power for the southern slave owning states. The North argued that the South did not want to consider the slaves as persons but property instead. The South of course wanted the slaves to be counted as 1 person to increase their power and influence in the Congress. The 3/5ths Comprimise was a way to appease both sides and without it, there likely would not have been a Constitution agreed upon and you might have had two separate countries formed and likely at odds with each other much more than they eventually were. Ironically, although only counted as 3/5ths of a person, it was the first formal recognition that slaves were indeed people and not property and this wording was deliberate on the part of the framers of the Constitution.
The South was faced with somewhat of a dilemma after the Constitution came into effect. Because counting more slaves also meant more taxation, some slave owners might be tempted to undercount their slaves for that reason. However, their representation in Congress depended on an accurate census count and this is the direction the Southern States went for the most part. Eventually of course, the North being the freer and more capitalist and industrial society, was far more prosperous, grew faster and gained an upper hand in Congress as a result and this eventually led to the Civil War. The 3/5ths compromise was, in effect, a way of reducing the power of the Southern slave owning states, not increasing it.
But arent you just corroborating my statement? The compromise was made at the behest and for the benefit of the slaveowners and not out of humanitarian motivations at all. It meant higher taxation, but they were already making huge profits, because of free labor.
Only in hindsight it reduced the power of the south. But regarding it as a formal recognition as people is going a bit far. That would suggest they have the same rights. They were still slaves, counted as 3/5 of a person and could not vote. Perhaps in that timeframe it would have seemed as a somewhat positive thing.
edit: added comment about taxation