Slave mortgage

Last updated
South Carolina slave mortgage agreement between slave trader Ziba B. Oakes and Mrs. Mary Pyne, backed by eight enslaved people including 10-year-old Louisa, an infant, and the future "increase of the females" South Carolina slave mortgage record - South Carolina.jpg
South Carolina slave mortgage agreement between slave trader Ziba B. Oakes and Mrs. Mary Pyne, backed by eight enslaved people including 10-year-old Louisa, an infant, and the future "increase of the females"

A slave mortgage was a financial instrument used by financiers wherein money was lent on the basis of the value of enslaved people. [1] There are records of slave mortgages in the United States (Louisiana, South Carolina, and Virginia) [1] and in South Africa. [2] According to scholar Bonnie Martin, "the time lag between the recording of mortgages and foreclosures, when added to the dispersed nature of the mortgage recording process, made this financial engine relatively invisible, allowing potentially large economic and human consequences to remain unrecognized." [1] As historian Calvin Schermerhorn put it, slave mortgages "drew equity out of [slave] bodies to reinvest in [sugar] refinement technology and more enslaved workers". [3] Settlers fleeing a slave mortgage crisis was one of the precipitating factors of the American colonization of the Republic of Texas in the 1830s. [4]

Contents

See also

Related Research Articles

<span class="mw-page-title-main">Atlantic slave trade</span> Slave trade – 16th to 19th centuries

The Atlantic slave trade or transatlantic slave trade involved the transportation by slave traders of enslaved African people to the Americas. European slave ships regularly used the triangular trade route and its Middle Passage. Europeans established a coastal slave trade in the 15th century and trade to the Americas began in the 16th century, lasting through the 19th century. The vast majority of those who were transported in the transatlantic slave trade were from Central Africa and West Africa and had been sold by West African slave traders to European slave traders, while others had been captured directly by the slave traders in coastal raids. European slave traders gathered and imprisoned the enslaved at forts on the African coast and then brought them to the Americas. Except for the Portuguese, European slave traders generally did not participate in the raids because life expectancy for Europeans in sub-Saharan Africa was less than one year during the period of the slave trade. Portuguese coastal raiders found that slave raiding was too costly and often ineffective and opted for established commercial relations.

<span class="mw-page-title-main">Slavery in the colonial history of the United States</span> Slavery in colonies that became the United States

Slavery in the colonial history of the United States refers to the institution of slavery that existed in the European colonies in North America which eventually became part of the United States of America. Slavery developed due to a combination of factors, primarily the labor demands for establishing and maintaining European colonies, which had resulted in the Atlantic slave trade. Slavery existed in every European colony in the Americas during the early modern period, and both Africans and indigenous peoples were targets of enslavement by European colonists during the era.

<span class="mw-page-title-main">Slavery in the United States</span>

The legal institution of human chattel slavery, comprising the enslavement primarily of Africans and African Americans, was prevalent in the United States of America from its founding in 1776 until 1865, predominantly in the South. Slavery was established throughout European colonization in the Americas. From 1526, during the early colonial period, it was practiced in what became Britain's colonies, including the Thirteen Colonies that formed the United States. Under the law, an enslaved person was treated as property that could be bought, sold, or given away. Slavery lasted in about half of U.S. states until abolition in 1865, and issues concerning slavery seeped into every aspect of national politics, economics, and social custom. In the decades after the end of Reconstruction in 1877, many of slavery's economic and social functions were continued through segregation, sharecropping, and convict leasing.

<span class="mw-page-title-main">Triangular trade</span> Trade among three ports or regions

Triangular trade or triangle trade is a historical term indicating trade among three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. Triangular trade thus provides a method for rectifying trade imbalances between the above regions.

<span class="mw-page-title-main">Slave codes</span> Subset of laws regarding chattel slavery and enslaved people

The slave codes were laws relating to slavery and enslaved people, specifically regarding the Atlantic slave trade and chattel slavery in the Americas.

<span class="mw-page-title-main">African-American history</span>

African-American history started with the arrival of Africans to North America in the 16th and 17th centuries. Former Spanish slaves who had been freed by Francis Drake arrived aboard the Golden Hind at New Albion in California in 1579. The European colonization of the Americas, and the resulting Atlantic slave trade, led to a large-scale transportation of enslaved Africans across the Atlantic; of the roughly 10–12 million Africans who were sold by the Barbary slave trade, either to European slavery or to servitude in the Americas, approximately 388,000 landed in North America. After arriving in various European colonies in North America, the enslaved Africans were sold to white colonists, primarily to work on cash crop plantations. A group of enslaved Africans arrived in the English Virginia Colony in 1619, marking the beginning of slavery in the colonial history of the United States; by 1776, roughly 20% of the British North American population was of African descent, both free and enslaved.

<span class="mw-page-title-main">George Fitzhugh</span> American sociologist (1806–1881)

George Fitzhugh was an American social theorist who published racial and slavery-based social theories in the antebellum era. He argued that the negro was "but a grown up child" needing the economic and social protections of slavery. Fitzhugh decried capitalism as practiced by the Northern United States and Great Britain as spawning "a war of the rich with the poor, and the poor with one another", rendering free blacks "far outstripped or outwitted in the chase of free competition." Slavery, he contended, ensured that blacks would be economically secure and morally civilized. Some historians consider Fitzhugh's worldview to be proto-fascist in its rejection of liberal values, defense of slavery, and perspectives toward race.

<span class="mw-page-title-main">Slave trade in the United States</span>

The internal slave trade in the United States, also known as the domestic slave trade, the Second Middle Passage and the interregional slave trade, was the mercantile trade of enslaved people within the United States. It was most significant after 1808, when the importation of slaves from Africa was prohibited by federal law. Historians estimate that upwards of one million slaves were forcibly relocated from the Upper South, places like Maryland, Virginia, Kentucky, North Carolina, Tennessee, and Missouri, to the territories and then-new states of the Deep South, especially Georgia, Alabama, Louisiana, Mississippi, and Arkansas.

<span class="mw-page-title-main">Invisible churches</span>

Invisible churches among enslaved African Americans in the United States were informal Christian groups where enslaved people listened to preachers that they chose without their slaveholder's knowledge. The Invisible churches taught a different message from white-controlled churches and did not emphasize obedience to slave masters. Some slaves could not contact invisible churches and others did not agree with an invisible church's message but many slaves were comforted by the invisible churches.

<span class="mw-page-title-main">History of slavery in Virginia</span>

Slavery in Virginia began with the capture and enslavement of Native Americans during the early days of the English Colony of Virginia and through the late eighteenth century. They primarily worked in tobacco fields. Africans were first brought to colonial Virginia in 1619, when 20 Africans from present-day Angola arrived in Virginia aboard the ship The White Lion.

<span class="mw-page-title-main">Plantation complexes in the Southern United States</span>

Plantation complexes were common on agricultural plantations in the Southern United States from the 17th into the 20th century. The complex included everything from the main residence down to the pens for livestock. Until the abolition of slavery, such plantations were generally self-sufficient settlements that relied on the forced labor of enslaved people.

<span class="mw-page-title-main">Slave Narrative Collection</span> New Deal oral history recording project

Slave Narratives: A Folk History of Slavery in the United States is a collection of histories by formerly enslaved people undertaken by the Federal Writers' Project of the Works Progress Administration from 1936 to 1938. It was the simultaneous effort of state-level branches of FWP in seventeen states, working largely separately from each other. FWP administrators sought to develop a new appreciation for the elements of American life from different backgrounds, including that from the last generation of formerly enslaved individuals. The collections of life histories and materials on African American life that resulted gave impetus to the collection.

<span class="mw-page-title-main">Slavery in Cuba</span>

Slavery in Cuba was a portion of the larger Atlantic Slave Trade that primarily supported Spanish plantation owners engaged in the sugarcane trade. It was practised on the island of Cuba from the 16th century until it was abolished by Spanish royal decree on October 7, 1886.

<span class="mw-page-title-main">History of slavery in Louisiana</span> Regional history of slavery in the USA

Following Robert Cavelier de La Salle establishing the French claim to the territory and the introduction of the name Louisiana, the first settlements in the southernmost portion of Louisiana were developed at present-day Biloxi (1699), Mobile (1702), Natchitoches (1714), and New Orleans (1718). Slavery was then established by European colonists.

<span class="mw-page-title-main">Slavery as a positive good in the United States</span> Prevailing view in the Southern US prior to the American Civil War

Slavery as a positive good in the United States was the prevailing view of Southern politicians and intellectuals just before the American Civil War, as opposed to seeing it as a crime against humanity or a necessary evil. They defended the legal enslavement of people for their labor as a benevolent, paternalistic institution with social and economic benefits, an important bulwark of civilization, and a divine institution similar or superior to the free labor in the North.

<span class="mw-page-title-main">Bibliography of the slave trade in the United States</span>

This is a bibliography of works regarding the internal or domestic slave trade in the United States.

<span class="mw-page-title-main">Glossary of American slavery</span>

This is a glossary of American slavery, terminology specific to the cultural, economic, and political history of slavery in the United States

<span class="mw-page-title-main">Theophilus Freeman</span> 19th-century American slave trader

Theophilus Freeman was a 19th-century American slave trader of Virginia, Louisiana and Mississippi. He was known in his own time as wealthy and problematic. Freeman's business practices were described in two antebellum American slave narratives—that of John Brown and that of Solomon Northup—and he appears as a character in both filmed dramatizations of Northrup's Twelve Years a Slave.

Uncas was one of three brigs used as slave ships that were owned by the American slave-trading firm Franklin & Armfield. Uncas was built in Connecticut in 1833 and weighed 155 tons. The two-masted brig cost US$7,250.

References

  1. 1 2 3 Martin, Bonnie (2010). "Slavery's Invisible Engine: Mortgaging Human Property". The Journal of Southern History. 76 (4): 817–866. ISSN   0022-4642.
  2. Ekama, Kate (2021-05-04). "Bondsmen: Slave Collateral in the 19th-Century Cape Colony" . Journal of Southern African Studies. 47 (3): 437–453. doi:10.1080/03057070.2021.1900467. ISSN   0305-7070.
  3. Schermerhorn, Calvin (2015). The Business of Slavery and the Rise of American Capitalism, 1815-1860. New Haven, Conn.: Yale University Press. p. 94. doi:10.12987/9780300213898. ISBN   978-0-300-19200-1. JSTOR   j.ctt1bh4d2w. LCCN   2014036403. OCLC   890614581.
  4. Schermerhorn, Calvin; Online, Pilot (2015-03-18). "Schermerhorn: Intertwined trades in sugar, slavery". The Virginian-Pilot. Retrieved 2023-11-12.

Further reading