01 Dec Genealogy Newsletter- November 30, 2024
GENEALOGY- BRAVE ABOLITIONISTS CARRIED THE MORAL ARGUMENT FORWARD AGAINST SLAVERY. WHAT ABOUT THE ECONOMIC DILEMMA? When Britain abolished slavery in 1833 through the Slavery Abolition Act, it essentially "bought the freedom" of enslaved people by paying a large sum of compensation, amounting to £20 million, directly to the slaveholders. This represented 40% of the government's annual budget, equivalent to roughly 5% of the British GDP. The argument is made that parliament did not do this to reward the slaveholders but to reduce their incentive to oppress the freed people post-slavery through other methods because the enslavers would not feel economically hurt. Whether...