Atlantic Slave Trade

Atlantic slave trade

N M Rothschild & Sons Bank in London was linked to slavery. The company was one of the biggest names in the City of London had previously undisclosed links to slavery in the British colonies. Documents seen by the Financial Times have revealed that Nathan Mayer Rothschild, the banking family’s 19th-century patriarch, made personal gains by using enslaved Africans as collateral in dealings with slaves.

Rothschild and his business partner Moses Montefiore loaned the British Government £15 million (worth £1.51 billion in 2022) with interest which was subsequently paid off by the British taxpayers (ending in 2015). This money was used to compensate the slave owners in the British Empire after the trade had been abolished. According to the Legacies of British Slave-Ownership at the University College London, Rothschild himself was a successful claimant under the scheme.

He was a beneficiary as mortgage holder to a plantation in the colony of Antigua (present day Antigua and Barbuda) which included 158 enslaved Black people. He received a £2,571 compensation payment, at the time (worth £259,582 in 2024).

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