The Stolen Wealth of Slavery

Audiobook Details

Author:

David Montero

Narrated By:

Eric Jason Martin

Length:

14 hrs and 10 mins

File Type:

.m4b

Release Date:

02-06-24

File Size:

409.35 MB

Audiobook Summary

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.

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