reparations

The results of the economic value of this free labor are, when inflated conservatively at 3% to 2006 dollars, a staggering value of 20.3 trillion dollars or to put this number in a more visual perspective; it amounts to $563,450 per African American currently living in the US. This amount is low since slave labor was counted from the year 1700 instead of 1619 and, as mentioned previously, the census data, in all likelihood, is low...

Pierre Bauduy obtained his money from the profits of a Haitian plantation which he was forced to vacate during the Haitian revolution.

So much fortune was amassed off the backs of the cotton, tobacco, and rice-picking slaves that J.P. Morgan loaned money to the US government during the Civil War...

Under the enormity of this “Debt,” reparations, which in the future may be the cheapest way out, will be vigorously resisted...

However, the profits obtained from slave importation were phenomenal since slaves could be purchased in Africa for less than $40 and sold in the US for between $500 and $1,000.

So much fortune was amassed off the backs of the cotton, tobacco, and rice-picking slaves that J.P. Morgan loaned money to the US government during the Civil War...

Under the enormity of this “Debt,” reparations, which in the future may be the cheapest way out, will be vigorously resisted...

This practice was offset since congressional representation counted slaves as 3/5 of a person.

Over those intervening 246 years they contributed more than 605 billion hours of free labor, which funded the Industrial Revolution, financed most of the fortune 500 companies, helped finance two World Wars, and left a negative sociological impact on an entire race of people.

So much fortune was amassed off the backs of the cotton, tobacco, and rice-picking slaves that J.P. Morgan loaned money to the US government during the Civil War...

Under the enormity of this “Debt,” reparations, which in the future may be the cheapest way out, will be vigorously resisted...

Profits obtained from a single ship traversing the golden triangle passage averaged greater than $175,000 even though as many as one in three of the slaves died during the middle passage.

Over those intervening 246 years they contributed more than 605 billion hours of free labor, which funded the Industrial Revolution, financed most of the fortune 500 companies, helped finance two World Wars, and left a negative sociological impact on an entire race of people.

To determine the economic value of slavery, the population of slaves in the US was obtained from the US Census Bureau.

However, the profits obtained from slave importation were phenomenal since slaves could be purchased in Africa for less than $40 and sold in the US for between $500 and $1,000.

The results of the economic value of this free labor are, when inflated conservatively at 3% to 2006 dollars, a staggering value of 20.3 trillion dollars or to put this number in a more visual perspective; it amounts to $563,450 per African American currently living in the US. This amount is low since slave labor was counted from the year 1700 instead of 1619 and, as mentioned previously, the census data, in all likelihood, is low...

The original capital for J.P. Morgan was derived from its cotton trading company in the South.

Following the thread of these dollars would be another interesting aspect of black economic research since even without detailed research it is known that Aetna Insurance Co., E.I. Dupont, and J.P. Morgan, Brown University, to name a very, very few, reaped substantial benefits from the grim business of slavery.

All of these assumptions are conservative since underreporting was a common practice since state and local taxes had to be paid on the number of slaves.

Over those intervening 246 years they contributed more than 605 billion hours of free labor, which funded the Industrial Revolution, financed most of the fortune 500 companies, helped finance two World Wars, and left a negative sociological impact on an entire race of people.

Commodities (cotton, tobacco, Bibles, and guns) were the cargoes on the other two legs of the triangle.

Over those intervening 246 years they contributed more than 605 billion hours of free labor, which funded the Industrial Revolution, financed most of the fortune 500 companies, helped finance two World Wars, and left a negative sociological impact on an entire race of people.

Following the thread of these dollars would be another interesting aspect of black economic research since even without detailed research it is known that Aetna Insurance Co., E.I. Dupont, and J.P. Morgan, Brown University, to name a very, very few, reaped substantial benefits from the grim business of slavery.

Commodities (cotton, tobacco, Bibles, and guns) were the cargoes on the other two legs of the triangle.

Following the thread of these dollars would be another interesting aspect of black economic research since even without detailed research it is known that Aetna Insurance Co., E.I. Dupont, and J.P. Morgan, Brown University, to name a very, very few, reaped substantial benefits from the grim business of slavery.

The first African slaves hit the shores of the United States in 1619 and were constantly imported into the US until 1860 even though importation had been outlawed in 1808.

Following the thread of these dollars would be another interesting aspect of black economic research since even without detailed research it is known that Aetna Insurance Co., E.I. Dupont, and J.P. Morgan, Brown University, to name a very, very few, reaped substantial benefits from the grim business of slavery.

The original capital for J.P. Morgan was derived from its cotton trading company in the South.

Aetna Insurance Co. sold insurance policies on slaves to protect slave owners from the losses of run away slaves.