The Stolen Wealth of Slavery

The Stolen Wealth of Slavery
Author: David Montero
Publisher: Legacy Lit
Total Pages: 383
Release: 2024-02-06
Genre: Business & Economics
ISBN: 0306827190

Publishers Weekly’s “Top 10” Spring 2024 This groundbreaking book tracks the massive wealth amassed from slavery from pre-Civil War to today, showing how our modern economy was built on the backs of enslaved Black people—and lays out a clear argument for reparations that shows exactly what was stolen, who stole it, and to whom it is owed. In this timely, powerful, investigative history, The Stolen Wealth of Slavery, Emmy Award-nominated journalist David Montero follows the trail of the massive wealth amassed by Northern corporations throughout America’s history of enslavement. It has long been maintained by many that the North wasn’t complicit in the horrors of slavery. The truth, however, is that large Northern banks—including well-known institutions like Citibank, Bank of New York, and Bank of America—were critical to the financing of slavery; that they saw their fortunes rise dramatically from their involvement in the business of enslavement; and that white business leaders and their surrounding communities created enormous wealth from the enslavement and abuse of Black bodies. The Stolen Wealth of Slavery grapples with facts that will be a revelation to many: Most white Southern enslavers were not rich—many were barely making ends meet—with Northern businesses benefitting the most from bondage-based profits. And some of the very Northerners who would be considered pro-Union during the Civil War were in fact anti-abolition, seeing the institution of slavery as being in their best financial interests, and only supporting the Union once they realized doing so would be good for business. It is a myth that the wealth generated from slavery vanished after the war. Rather, it helped finance the industrialization of the country, and became part of the bedrock of the growth of modern corporations, helping to transform America into a global economic behemoth. In this remarkable book, Montero elegantly and meticulously details rampant Northern investment in slavery. He showcases exactly what was stolen, who stole it, and to whom it is owed, calling for corporate reparations as he details contemporary movements to hold companies accountable for past atrocities.

Slavery by Another Name

Slavery by Another Name
Author: Douglas A. Blackmon
Publisher: Icon Books
Total Pages: 429
Release: 2012-10-04
Genre: Social Science
ISBN: 1848314132

A Pulitzer Prize-winning history of the mistreatment of black Americans. In this 'precise and eloquent work' - as described in its Pulitzer Prize citation - Douglas A. Blackmon brings to light one of the most shameful chapters in American history - an 'Age of Neoslavery' that thrived in the aftermath of the Civil War through the dawn of World War II. Using a vast record of original documents and personal narratives, Blackmon unearths the lost stories of slaves and their descendants who journeyed into freedom after the Emancipation Proclamation and then back into the shadow of involuntary servitude thereafter. By turns moving, sobering and shocking, this unprecedented account reveals these stories, the companies that profited the most from neoslavery, and the insidious legacy of racism that reverberates today.

The Last Slave Ships

The Last Slave Ships
Author: John Harris
Publisher: Yale University Press
Total Pages: 313
Release: 2020-11-24
Genre: History
ISBN: 0300256027

A stunning behind-the-curtain look into the last years of the illegal transatlantic slave trade in the United States Long after the transatlantic slave trade was officially outlawed in the early nineteenth century by every major slave trading nation, merchants based in the United States were still sending hundreds of illegal slave ships from American ports to the African coast. The key instigators were slave traders who moved to New York City after the shuttering of the massive illegal slave trade to Brazil in 1850. These traffickers were determined to make Lower Manhattan a key hub in the illegal slave trade to Cuba. In conjunction with allies in Africa and Cuba, they ensnared around two hundred thousand African men, women, and children during the 1850s and 1860s. John Harris explores how the U.S. government went from ignoring, and even abetting, this illegal trade to helping to shut it down completely in 1867.

Stolen Childhood

Stolen Childhood
Author: Wilma King
Publisher: Indiana University Press
Total Pages: 284
Release: 1997
Genre: History
ISBN: 9780253211866

"King provides a jarring snapshot of children living in bondage. This compellingly written work is a testament to the strength and resilience of the children and their parents".--"Booklist". "King's deeply researched, well-written, passionate study places children and young adults at center stage in the North American slave experience".--"Choice". 16 photos.

The Stolen Wealth of Slavery

The Stolen Wealth of Slavery
Author: David Montero
Publisher: Legacy Lit
Total Pages: 0
Release: 2024-02-06
Genre: Business & Economics
ISBN: 9780306827174

In his timely historical work The Stolen Wealth of Slavery, Emmy Award-nominated journalist David Montero follows the trail of the massive wealth amassed from the transatlantic slave trade by Northern corporations in America. It has long been maintained by many that the North wasn't complicit in the horrors of slavery, that the forced bondage and exploitation of Black people was primarily a Southern phenomenon. Yet this isn't true: In fact, popular Northern banks--including well-known institutions like Citibank, Bank of New York, and Bank of America--saw their fortunes rise dramatically from their involvement in the slave trade. White business leaders and their surrounding communities created humongous wealth from the abject misery of others. Stolen Wealth of Slavery grapples with other facts that will be a revelation to many: Most white Southern enslavers were not rolling around in wealth and were barely making ends meet, with Northern businesses benefitting the most from bondage-based profits. And some of the very Northerners who would be considered pro-Union during the Civil War were in fact anti-abolition, seeing the institution of slavery as being in their best financial interests and only supporting the Union once they realized doing so would be good for business. Over time, the wealth generated from slavery didn't vanish but became part of the bedrock of the growth of modern corporations, helping to transform America into a global economic behemoth. Montero elegantly and meticulously details rampant Northern investment in slavery, ultimately calling for corporate reparations as he details contemporary movements to hold companies accountable for past atrocities. He has produced a remarkable work that ends in a call for reparations, showcasing exactly what was stolen, who stole it, and to whom it is owed.

Stolen

Stolen
Author: Richard Bell
Publisher: Simon and Schuster
Total Pages: 336
Release: 2019-10-15
Genre: History
ISBN: 1501169459

This “superbly researched and engaging” (The Wall Street Journal) true story about five boys who were kidnapped in the North and smuggled into slavery in the Deep South—and their daring attempt to escape and bring their captors to justice belongs “alongside the work of Harriet Beecher Stowe, Edward P. Jones, and Toni Morrison” (Jane Kamensky, Professor of American History at Harvard University). Philadelphia, 1825: five young, free black boys fall into the clutches of the most fearsome gang of kidnappers and slavers in the United States. Lured onto a small ship with the promise of food and pay, they are instead met with blindfolds, ropes, and knives. Over four long months, their kidnappers drive them overland into the Cotton Kingdom to be sold as slaves. Determined to resist, the boys form a tight brotherhood as they struggle to free themselves and find their way home. Their ordeal—an odyssey that takes them from the Philadelphia waterfront to the marshes of Mississippi and then onward still—shines a glaring spotlight on the Reverse Underground Railroad, a black market network of human traffickers and slave traders who stole away thousands of legally free African Americans from their families in order to fuel slavery’s rapid expansion in the decades before the Civil War. “Rigorously researched, heartfelt, and dramatically concise, Bell’s investigation illuminates the role slavery played in the systemic inequalities that still confront Black Americans” (Booklist).

The Half Has Never Been Told

The Half Has Never Been Told
Author: Edward E Baptist
Publisher: Basic Books
Total Pages: 558
Release: 2016-10-25
Genre: History
ISBN: 0465097685

A groundbreaking history demonstrating that America's economic supremacy was built on the backs of enslaved people Winner of the 2015 Avery O. Craven Prize from the Organization of American Historians Winner of the 2015 Sidney Hillman Prize Americans tend to cast slavery as a pre-modern institution -- the nation's original sin, perhaps, but isolated in time and divorced from America's later success. But to do so robs the millions who suffered in bondage of their full legacy. As historian Edward E. Baptist reveals in The Half Has Never Been Told, the expansion of slavery in the first eight decades after American independence drove the evolution and modernization of the United States. In the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a continental cotton empire, and the United States grew into a modern, industrial, and capitalist economy. Told through the intimate testimonies of survivors of slavery, plantation records, newspapers, as well as the words of politicians and entrepreneurs, The Half Has Never Been Told offers a radical new interpretation of American history.

Kickback

Kickback
Author: David Montero
Publisher: Penguin
Total Pages: 306
Release: 2018-11-13
Genre: Business & Economics
ISBN: 0698139585

An investigation into corporate bribery around the world and how it undermines democracy and the free market system The World Bank estimates that rich multinational corporations pay hundreds of billions of dollars in bribes every year to officials overseas. The perpetrators are not a handful of rogue companies, but many members of the Fortune 500. Kickback is a sweeping, global investigation into corporate bribery around the world and how backdoor financial transactions undermine democracy and the free market system by lining the pockets of some of the world's worst dictators and criminals. Ultimately, this system affects billions of people by creating conditions that lead to poverty, violence, environmental disaster, and political instability in countries like Nigeria, Bahrain, Costa Rica, and Iraq. Kickback traces the origins of corporate bribery from the reign of the British East India Company to the methods by which it is carried out today. Traveling across four continents and interviewing police and intelligence officials, convicted criminals, business executives, and corruption experts, David Montero takes an inside look at bribery's pernicious effects. He examines its ramifications at both the individual and national levels--from the murder of a young activist in Bangladesh to a Texas billionaire's dealings with Saddam Hussein, from pharmaceutical firms' payoffs in China to how the entrenched culture of bribery helped destroy the Greek economy. Montero also examines the countermeasures that have been introduced to combat these practices, such as the Justice Department's efforts to halt them and attempts to identify and provide restitution to victims. Given the new era of profound uncertainty we are entering--the strength of the European Union founders, the power of China rises, the global economy continues on a path of perilous flux, and allegations mount that President Donald Trump and his associates are possibly tainted by bribery themselves--the stakes for eradicating corporate bribery have never been higher.

Capitalism and Slavery

Capitalism and Slavery
Author: Eric Williams
Publisher: UNC Press Books
Total Pages: 308
Release: 2014-06-30
Genre: History
ISBN: 1469619490

Slavery helped finance the Industrial Revolution in England. Plantation owners, shipbuilders, and merchants connected with the slave trade accumulated vast fortunes that established banks and heavy industry in Europe and expanded the reach of capitalism worldwide. Eric Williams advanced these powerful ideas in Capitalism and Slavery, published in 1944. Years ahead of its time, his profound critique became the foundation for studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established the centrality of the African slave trade in European economic development. He also showed that mature industrial capitalism in turn helped destroy the slave system. Establishing the exploitation of commercial capitalism and its link to racial attitudes, Williams employed a historicist vision that set the tone for future studies. In a new introduction, Colin Palmer assesses the lasting impact of Williams's groundbreaking work and analyzes the heated scholarly debates it generated when it first appeared.

Escape from Slavery

Escape from Slavery
Author: Francis Bok
Publisher: Macmillan + ORM
Total Pages: 190
Release: 2007-04-01
Genre: Biography & Autobiography
ISBN: 1429971010

In this groundbreaking modern slave narrative, Francis Bok shares his remarkable story with grace, honesty, and a wisdom gained from surviving ten years in captivity. May, 1986: Selling his mother's eggs and peanuts near his village in southern Sudan, seven year old Francis Bok's life was shattered when Arab raiders on horseback, armed with rifles and long knives, burst into the quiet marketplace, murdering men and women and gathering the young children into a group. Strapped to horses and donkeys, Francis and others were taken north, into lives of slavery under wealthy Muslim farmers. For ten years, Francis lived alone in a shed near the goats and cattle that were his responsibility. Fed with scraps from the table, slowly learning bits of an unfamiliar language and religion, the boy had almost no human contact other than his captor's family. After two failed attempts to escape-each bringing severe beatings and death threats-Francis finally escaped at age seventeen, a dramatic breakaway on foot that was his final chance. Yet his slavery did not end there, for even as he made his way toward the capital city of Khartoum, others sought to deprive him of his freedom. Determined to avoid that fate and discover what had happened to his family on that terrible day in 1986, the teenager persevered through prison and refugee camps for three more years, winning the attention of United Nations officials and being granted passage to America. Now a student and an anti-slavery activist, Francis Bok has made it his life mission to combat world slavery. His is the first voice to speak for an estimated twenty seven million people held against their will in nearly every nation, including our own. Escape from Slavery is at once a riveting adventure, a story of desperation and triumph, and a window revealing a world that few have survived to tell.