a little reality

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, 19 February 2013

The Price of Slaves

Posted on 10:56 by amla
A recent report lists the ten richest presidents in American history. It glosses over the fact that four of those ten were slave holders and a portion of their wealth was in human chattel.
The value of a slave is difficult to pin down. Estate sale prices were bargains, about $400. Auction prices for a strong field hand could reach $1000 each. Prices fluctuated with the economy. Then, of course, we have to factor in inflation.

George Washington: Washington possessed 316 slaves at the time of his death, including 40 rentals. The value of Washington's human property probably exceeded $4 million in current dollars. Washington considered his human property lazy and gave his overseers written permission to whip them.

Thomas Jefferson: Jefferson was known for treating his slaves well including buying individuals just to keep families together. On the other hand, there are stories of abuse like a 17 year-old man who, on becoming ill, was flogged three times a day to force more work out of him. Jefferson generally owned in excess of 200 slaves valued at more than $3 million.

Andrew Jackson: Jackson own 150 slaves and was a slave breeder. In advertising for the return of a runaway slave, Jackson offered a $50 reward plus an addition $10 for every 100 lashes given the runaway. In current dollars Jackson slaves probably are valued at $2 million.

James Madison: In the 1820 census, Madison reported he owned 106 slaves. While Madison frequently wrote his opposition to slavery he never extended it to his actual life and even refused to free his slaves in his will. We can appraise his slaves at about $1.5 million.

When slaves were emancipated by Abraham Lincoln it is estimated the South lost $3.5 billion (in 1860 dollars) in assets. Adjusting for inflation that is $50 trillion in today's money.

The price of a slave today is considerably less. A health male slave in Mali will sell for just $40. The estimate is 27 million humans are held today as slaves around the world. The number of sex and labor slaves held in the United States today is estimated at about 10,000 people although it may be much higher. That doesn't count the more than 100,000 prison laborers in the United States earning as little as 17 cents per hour.
Email ThisBlogThis!Share to XShare to Facebook
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • The Best Decade Ever
    Looking back over the past 150 years there are really only two decades worth talking about, the 1990's and the Roaring Twenties. The Gay...
  • The Man Without a Country
    The story of Eduardo Saverin reminds me of the 19th century short story about a man accused of treason who renounced his American citizensh...
  • The Great Florida Disenfranchisement
    Gov. Rick Scott is carrying on in the tradition of Brother Jeb and Katherine Harris. Remember her? Her political corruption has made her so ...
  • The Best Day of Any Election Year
    My first big mistake was made when, in a moment of weakness, I consented to learn the game. ~ Robert Benchley on bridge, but it applies to ...
  • The Greatest Heroes of Randian Philosophy
    Writer Fred Smith is an faithful acolyte of Ayn Rand. Like many such people, including Rand herself, he doesn't actually produce anythin...
  • The Saga of Lili Marlene
    I've been Donnie Downer recently because of the news so now for something lighter. Lili Marlene was one of the most memorable songs fro...
  • The Zimmerman Verdict Fruit
    Southern trees bear a strange fruit, Blood on the leaves and blood at the root, Black bodies swinging in the southern breeze, Strange fruit ...
  • The Great Disenfranchisement Is Alive
    Republicans are beginning to coalesce around the notion that their best chances of victory in the future is to remove the right to vote from...
  • The Snowden Terror
    The Snowden Terror © keeps getting more and more bizarre. Today the plane carrying the President of Bolivia was forced to land because of t...
  • The Donalding of America
    Mitt Romney is palling around with The Donald like he's the only man in the country that Mitt can relate to what with them both getting...

Blog Archive

  • ►  2014 (50)
    • ►  July (6)
    • ►  June (7)
    • ►  May (7)
    • ►  April (8)
    • ►  March (8)
    • ►  February (7)
    • ►  January (7)
  • ▼  2013 (179)
    • ►  December (6)
    • ►  November (6)
    • ►  October (11)
    • ►  September (11)
    • ►  August (13)
    • ►  July (16)
    • ►  June (20)
    • ►  May (16)
    • ►  April (18)
    • ►  March (16)
    • ▼  February (24)
      • What Shall Sequestration Bring
      • The Devil's Dictionary (Updated)
      • Sequestration Means Austerity
      • Popish Stories
      • The Fall of A-Rod
      • al Qaeda's 22 Anti-Drone Tips
      • American Police State: Sports Division
      • The Price of Slaves
      • Dolphin Superpod
      • Gambling and the State of Addiction
      • Now a Cuba Meteor
      • Dorner and the Burning Cabin
      • Lying Liars
      • Dorner and the Mad Trapper Story
      • What I Believe
      • Dorner: the Unusual Suspect
      • American Police State: Beserker Division
      • Tool Using Animals
      • The Drone Wars
      • California In the News
      • The Next Great Republican Purge
      • Superbowl Stats of the Day
      • The NRA's "Death List"
      • National Review Defends Hitler
    • ►  January (22)
  • ►  2012 (258)
    • ►  December (16)
    • ►  November (24)
    • ►  October (20)
    • ►  September (20)
    • ►  August (22)
    • ►  July (24)
    • ►  June (19)
    • ►  May (20)
    • ►  April (16)
    • ►  March (24)
    • ►  February (25)
    • ►  January (28)
  • ►  2011 (13)
    • ►  December (13)
Powered by Blogger.

About Me

amla
View my complete profile