Woodznutz
Platinum Member
- Dec 9, 2021
- 18,129
- 8,568
- 473
Blacks believe that reparations should be paid from the wealth that slavery provided for the nation. Many believe that without slave labor America would not have the wealth we enjoy today. However, the wealth that slavery built is largely gone.
Four primary entities profited from slavery for a time: the South, the North, Britain, and France.
The 'slave' wealth of the South was lost in the Civil War.
The 'slave' wealth of the North was spent on the Civil War.
The textile industries and thus the economies of Britain and France also suffered due to the Civil War, especially Britain as most trade was blockaded by the North.
So, while some enterprises retained profits from slave labor, the nation itself didn't, and in fact went into enormous debt fighting the war (which incidentally freed the slaves).
Also of historic note is that those debts were paid off by a resurging economy that occurred after the war, and Emancipation. The contributions of now freed slaves were just their share in the revival of the nation's economy.
Sorry, no rrrreparrrrations forrrr you!
Four primary entities profited from slavery for a time: the South, the North, Britain, and France.
The 'slave' wealth of the South was lost in the Civil War.
The 'slave' wealth of the North was spent on the Civil War.
The textile industries and thus the economies of Britain and France also suffered due to the Civil War, especially Britain as most trade was blockaded by the North.
So, while some enterprises retained profits from slave labor, the nation itself didn't, and in fact went into enormous debt fighting the war (which incidentally freed the slaves).
The Economic Costs of the Civil War
Even after 150 years, the Civil War evokes memories of great men and great battles. Certainly that war was a milestone in U.S. history, and on the plus side
fee.org
Also of historic note is that those debts were paid off by a resurging economy that occurred after the war, and Emancipation. The contributions of now freed slaves were just their share in the revival of the nation's economy.
Sorry, no rrrreparrrrations forrrr you!
Last edited: