The profits derived from slavery are more extreme than I think are commonly acknowledged. As I said yesterday, in 1860, the combined worth of the 4 m… - Ta-Nehisi Coates

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The profits derived from slavery are more extreme than I think are commonly acknowledged. As I said yesterday, in 1860, the combined worth of the 4 million enslaved black people in this country was some $3 billion, nearly $75 billion in today’s share of dollars. Cotton, in 1860, was this country’s largest export—not just its largest export, it was the majority of exports out of this country. So, from a financial perspective, just the economics of it, it’s absolutely impossible to imagine America without enslavement.

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About Ta-Nehisi Coates

Ta-Nehisi Coates (born September 30, 1975) is a senior editor for and a memoirist. He often writes about , gaming, and current events.

Also Known As

Alternative Names: TaNehisi Coates Ta-Nehisi Paul Coates
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Additional quotes by Ta-Nehisi Coates

When people wanted to criticize the Affordable Care Act they would often say “This is reparations. This is reparations.” Liberals [were often saying (somewhat indistinct)] “No, no, no. This isn’t for black people. This will benefit everybody.” In a just world we would say “Yes. This does disproportionately benefit black people and that’s a very, very good thing because for most of our history we have disproportionately injured black people and our policy should be structured in such a way that take that into account.

The onset of the Civil War, the greatest preponderance, the greatest population per capita of millionaires and multimillionaires in this country was in the Mississippi River Valley. It wasn’t in Boston, wasn’t in Chicago, wasn’t in New York. The richest people in this country were slaveholders. Most of our earliest presidents were slaveholders. And the fact that they were presidents is not incidental to the fact that they—to their slaveholding. That was how they built their wealth. That was how Thomas Jefferson built his wealth. That was how George Washington built his wealth. Individual slaves were the equivalent of, say, owning a home today. They were people, but turned into objects of extreme wealth. So, just from the economic perspective, there’s that.

I built not by parental edict, not under threat, but because of my own native yearning. This was a giant step toward seeing more. Across the country our elders were battling the shades that shrank our minds and abbreviated our world. We thought the corner was cool, but more than that we deeply believed that we could do no better, that this tiny parcel was all we deserved in this world of sin.

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