How Slavery Led To Modern Capitalism

February 24, 2014   // 0 Comments

by  Sven Beckert and Seth Rockman -Bloomberg View Bloomberg View: When the New York City banker James Brown tallied his wealth in 1842, he had to look far below Wall Street to trace its origins. His investments in the American South exceeded $1.5 million, a quarter of which was directly bound up in the ownership of slave plantations. Brown was among the world's most powerful ...

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