Economic Oppression Quotes



Summarizing his conclusions of the Judiciary Committee investigations regarding Wall Street and the bankers' role in the Great Depression:


This is one of the major reasons that Slavery was so hard to end in the South. At the time, the dollar value of the Southern slaves was greater than the value of all the land, factories, inventory, and capital equipment of the South. Slaves were not only capital, they were the largest component of Southern capital and Southern wealth. There were numerous ideas of paying slave owners for the freedom of their slaves, and if this was done, it would have been far less expensive in money alone than the Civil War cost. However, the Southern leadership, like Fitzhugh, were totally intransient with culture and customs—indeed the Southern concept of manhood—was dependent in Slavery. The result was that no compensation was paid to slave owners and the South was impoverished as a result of its capital loss and it would not recover for 150 years.