Occupy Chicago American Finance Grew On The Back Of Slaves ~ Chicago Sun-Times Most people can see how slave labor, like the cotton-picking in “Twelve Years A Slave,” was pure exploitation. Few recognize that a financial system nearly as sophisticated as ours today helped Solomon Northup’s enslavers steal him, buy him, and market the cotton he made. The key patterns of that financial history continue to repeat themselves in our history. Again and again, African-American individuals and families have worked hard to produce wealth, but American finance, whether in the antebellum period or today, has snatched black wealth through bonds backed by asset securitization... suntimes/news/otherviews/26026890-452/american-finance-grew-on-the-back-of-slaves.html
Posted on: Sat, 08 Mar 2014 10:47:43 +0000
Recently Viewed Topics
© 2015