![]() This essay explores the history of the Slavery A bolition A ct loan, including its material and financial continuity into the present. The British government has remained conspicuously silent on the matter-hoping the public will overlook what is hidden in clear sight. ![]() Up until now, there has been no notice taken of the public debt legacy in the United Kingdom of 180 years of slavery, nor any reckoning with its social and ethical implications. In 2015, the total redemption value of the debt bundle that contained the Slavery Abolition Act loan reached 218,338,715.22. The loan was re-bundled with other government debt many times, and never cancelled or repudiated. Freedom of Information Act requests show that, in February 2015, the UK government paid 11,098 accounts when it finally redeemed the Slavery Abolition Act loan. This study examines childhood and slavery in Jamaica from the onset of improved conditions for the islands slaves to the end of all forced or coerced labor. The bonds were likely sold onwards on securities markets soon afterwards, providing the Rothschild syndicate with financial profits. (1) The loan was provided by the Rothschild syndicate, and the interest rate was set at a favourable rate for the lender. ![]() ![]() This loan was contracted by the government in 1835 in order to pay 15 million (approximately 200 billion in today's money, in terms of public debt burden) in cash compensation to slave-owners and their beneficiaries. Abstract : The British government redeemed the Slavery Abolition Act loan in February 2015. ![]()
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