Tag Archives: Haiti and Frence – slavery

Top 6 countries that grew rich by enslaving black people

http://sfbayview.com/2013/top-6-countries-that-grew-filthy-rich-from-enslaving-black-people/

 TOP 6 COUNTRIES THAT GREW FILTHY RICH FROM ENSLAVING BLACK PEOPLE

 October 27, 2013  –  By Atlanta Black Star staff

The United States of America

Enslaved Blacks picking cotton

Their unpaid labor created the fabulous wealth that is traded here (below).

Slavery transformed America into an economic power. The exploitation of Black people for free labor made the South the richest and most politically powerful region in the country. British demand for American cotton made the southern stretch of the Mississippi River the Silicon Valley of its era, boasting the single largest concentration of the nation’s millionaires.

But slavery was a national enterprise. Many firms on Wall Street, such as JPMorgan Chase, New York Life and now-defunct Lehman Brothers, made fortunes from investing in the slave trade, the most profitable economic activity in New York’s 350-year history. Slavery was so important to the city that New York was one of the most pro-slavery urban municipalities in the North.

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