Review of Banking on Slavery: Financing Southern Expansion in the Antebellum United States by Sharon Ann Murphy

By Sean Vanatta In 2005, J.P. Morgan Chase revealed that two of its predecessor banks—legacies of earlier acquisitions and reorganizations—had been complicit in financing American slavery. Together, the banks had “accepted approximately 13,000 slaves as collateral for loans,” the bank explained, “and ended up owning approximately 1,250 of them” whenRead More