Episode 2: The Economy That Slavery Built
32:55 | Aug 31st, 2019
The institution of slavery turned a poor, fledgling nation into a financial powerhouse, and the cotton plantation was America’s first big business. Behind the system, and built into it, was the whip. ...Show More
epekilis recommended:Oct 6th, 2019
They used slaves - actual people - as collateral to back up loans, and then package and sell the debt. The majority of America’s early wealth was slaves. I feel like a duck caught in an oil spill.
jnk recommended:Nov 14th, 2019
"The cotton industry is too big to fail" is just omfg. Time isn't a straight line, it's a circle.
samantha recommended:Jan 11th
Had not occurred to me that since loans were taken out against the value of slaves, freeing then would blow up the economy... "Too big to fail" explained so much...
layne recommended:Sep 19th, 2019
Particularly good episode plus the entire series is monumentally important, excellently produced and enlightening
adam_p recommended:Sep 9th, 2019
Nikole Hannah-Smith delivers another stunning episode. This one explores the roots of American capitalism and how it's tolerance for inhumanity trace back to cotton plantations, multinational banking and "too big to fail" economics. This is some of the most moving podcasting I've heard.