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  1. inflate
    fill with gas or air
    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...
  2. vacate
    leave behind empty; move out of
    Pierre Bauduy obtained his money from the profits of a Haitian plantation which he was forced to vacate during the Haitian revolution.
  3. funded
    furnished with funds
    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.
  4. enormity
    the quality of extreme wickedness
    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...
  5. phenomenal
    exceedingly or unbelievably great
    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.
  6. inflated
    enlarged beyond truth or reasonableness
    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...
  7. amass
    collect or gather
    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...
  8. labor
    any piece of work that is undertaken or attempted
    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.
  9. offset
    a compensating equivalent
    This practice was offset since congressional representation counted slaves as 3/5 of a person.
  10. intervene
    be placed or located between other things
    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.
  11. reparation
    something done or paid in expiation of a wrong
    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...
  12. visual
    relating to or using sight
    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...
  13. traverse
    journey across or pass over
    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.
  14. financier
    a person skilled in large-scale monetary transactions
    Strouse, Jean (1999), Morgan, American Financier, (Random House NY, April 1999).
  15. intervening
    occurring between events, spaces, or points in time
    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.
  16. decrease
    a change downward
    Slaves born in the US since slave importation started decreasing in 1810 supplied most of the labor.
  17. average
    an intermediate scale value regarded as normal or usual
    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.
  18. economic
    of or relating to production and management of wealth
    To determine the economic value of slavery, the population of slaves in the US was obtained from the US Census Bureau.
  19. obtain
    come into possession of
    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.
  20. perspective
    a way of regarding situations or topics
    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...
  21. purchase
    acquire by means of a financial transaction
    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.
  22. random
    lacking any definite plan or order or purpose
    Strouse, Jean (1999), Morgan, American Financier, (Random House NY, April 1999).
  23. derive
    come from
    The original capital for J.P. Morgan was derived from its cotton trading company in the South.
  24. statistics
    a branch of mathematics concerned with quantitative data
    U.S. Department of Commerce, Bureau of Census, (1975), Historical Statistics of the United States, (Washington, D.C.. 1975) 2:1168.
  25. research
    a seeking for knowledge
    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.
  26. statistic
    a datum that can be represented numerically
    U.S. Department of Commerce, Bureau of Census, (1975), Historical Statistics of the United States, (Washington, D.C.. 1975) 2:1168.
  27. assumption
    the act of taking something for granted
    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.
  28. impact
    the striking of one body against another
    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.
  29. commodity
    any good that can be bought and sold
    Commodities (cotton, tobacco, Bibles, and guns) were the cargoes on the other two legs of the triangle.
  30. replace
    put something back where it belongs
    Importation as a source of free labor was replaced by forced breeding because it was a lot more profitable.
  31. contribute
    give, provide, or supply something
    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.
  32. data
    a collection of facts from which conclusions may be drawn
    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...
  33. revolution
    a single complete turn
    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.
  34. negative
    characterized by denial or opposition or resistance
    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.
  35. substantial
    real; having a material or factual existence
    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.
  36. population
    the people who inhabit a territory or state
    To determine the economic value of slavery, the population of slaves in the US was obtained from the US Census Bureau.
  37. cargo
    goods carried by a large vehicle
    Commodities (cotton, tobacco, Bibles, and guns) were the cargoes on the other two legs of the triangle.
  38. practice
    a customary way of operation or behavior
    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.
  39. grim
    harshly uninviting or formidable in manner or appearance
    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.
  40. derived
    formed or developed from something else; not original
    The original capital for J.P. Morgan was derived from its cotton trading company in the South.
  41. passage
    the act of moving from one state or place to the next
    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.
  42. associate
    bring or come into action
    The Rittenhouse Trust Co., The Market Keeps Going, (Ibottson Associates, 2001).
  43. assume
    take to be the case or to be true
    It was assumed that, on average, slaves worked some 60 hours per week for 51 weeks during the years with the average pay rate over the 164 years at $.10 per hour.
  44. import
    bring in from abroad
    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.
  45. aspect
    a characteristic to be considered
    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.
  46. resist
    withstand the force of something
    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...
  47. fund
    a reserve of money set aside for some purpose
    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.
  48. benefit
    something that aids or promotes well-being
    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.
  49. source
    the place where something begins
    Importation as a source of free labor was replaced by forced breeding because it was a lot more profitable.
  50. entire
    constituting the full quantity or extent; complete
    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.
  51. protect
    shield from danger, injury, destruction, or damage
    Aetna Insurance Co. sold insurance policies on slaves to protect slave owners from the losses of run away slaves.
  52. civil
    of or occurring between or among citizens of the state
    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...
  53. local
    of or belonging to or characteristic of a particular area
    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.
  54. capital
    a large alphabetic character used in writing or printing
    The original capital for J.P. Morgan was derived from its cotton trading company in the South.
  55. issue
    some situation or event that is thought about
    For example, Pierre Bauduy purchased 4 out of the original 16 shares issued for the E.I. DuPont Company for $8,000.
  56. policy
    a plan of action adopted by an individual or social group
    Aetna Insurance Co. sold insurance policies on slaves to protect slave owners from the losses of run away slaves.
  57. share
    assets belonging to an individual person or group
    For example, Pierre Bauduy purchased 4 out of the original 16 shares issued for the E.I. DuPont Company for $8,000.
  58. supply
    circulate or distribute or equip with
    Slaves born in the US since slave importation started decreasing in 1810 supplied most of the labor.
  59. rate
    a quantity considered as a proportion of another quantity
    It was assumed that, on average, slaves worked some 60 hours per week for 51 weeks during the years with the average pay rate over the 164 years at $.10 per hour.
  60. trade
    the commercial exchange of goods and services
    The original capital for J.P. Morgan was derived from its cotton trading company in the South.
  61. mention
    make reference to
    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...
  62. future
    the time yet to come
    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...
Created on 十一月 30, 2010

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