Professor Alan Singer of Hofstra University has a new book New York and Slavery: Time to Teach the Truth
about the complicity of Wall Street institutions in southern slavery. It’s recently been reviewed at the History News Network by William Katz (author of Black Legacy: A History of New York’s African American
). Katz argues that no longer can New York educators and historians ignore the facts about the role New York played in slavery. Here is an excerpt from Katz’s review:
Slavery began in the city soon after the Dutch landing in 1609, and enslaved Africans became vital to the colony’s economy. Africans built the first homes, brought in the first crops, turned an Indian path into Broadway, and built the wall at Wall Street. When it became the British colony of New York its bankers and merchants so successfully invested in the international African trade they made it the slave-traders’ leading port. After the Revolution, with the city leading the way, slavery and its profits grew in the land of the free. A greater percentage of white households in Brooklyn, Queens and Staten Island owned slaves than in South Carolina. The world’s first stock exchange opened in New York in 1792 and half of its 177 stockholders owned slaves. Africans were auctioned to bidders at Wall Street and other city markets. Forced labor made the Empire State…
New York and Slavery indicts a host of prominent New York mercantile and banking families and corporations such as Citicorp which first made its name in the slave trade. Slaveholder names currently grace our buildings, bridges, parks, streets, and schools. This, Singer shows, teaches our children to celebrate men who benefited from the African trade, southern slavery and bondage in New York.
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