I’ve read Robert Chernow’s biography. What parts were embellished? |
You know nothing about him. He was a truly kind and thoughtful person that made a huge difference for a lot of children. There’s probably someone similar behind Sesame Street that deserves similar accolades but they dont have the same name recognition. |
Also adding on to this — the actual stories about Lincoln’s friendship with Frederick Douglass and the respect with which he treated him are very impressive and really make me like Lincoln more. He also was pretty good towards the Irish immigrants that fought for the Union, at a time period when many Americans considered the Irish immigrants to be …. Let’s just say not welcome. There were generals that openly thought the Irish units should just be used as cannon fodder because, well, they were Irish so who cared. |
Someone seems to think the wealth distribution in Congress is a useful statistic when it comes to estimating the wealth of the general population in the South. |
She’s probably just a fool that believes every guy that works with children is a creep. |
| My dog is American and he is awesome. |
She was a spy and that is part of the good work she did! She spied for the Union army!!! |
| I rented a Maybach this weekend in NYC. So I pick me. |
One could say George Washington because we probably wouldn’t have a country if not for him. |
Canada has a country. I did a deep dive into the American revolution a couple of years ago and even though I started as pretty rah-rah American revolution, I ended up questioning whether it was worth it. The amount of death and the futility of most of the battles was really astounding. Just lots of young men dying frozen in fields or dysentery or infections. I knew there were some hard times but if you really read or listen to a detailed history that does a full play by play of all the battles….it gets overwhelming. I ended up astounded that desertion rates (which were high) were not even higher. |
And where is this slaveholding derived wealth? Please point me to it. But suspect you can't. Because it doesn't exist in any meaningful sense. For people with difficulty comprehending history, here is a simple explanation. Assume you are an established planter in 1860 with 100 slaves and 1,000 acres (a distinct minority along planters to have so many slaves but let's just stick with this number). Value of slaves could be 150k, value of land 50k (land was cheap, it was labor aka slaves that was barrier to entry). Planters generated wealth through reinvestment in slaves and land, often borrowing against next year's crops (debt was extremely common). Still, let's say you also have 50k in financial reserves you keep in securities and investments. Altogether, in 1860 you are worth 200k, a wealthy man. By 1865, the bulk of your wealth is gone, poof, overnight. 150k worth of slaves who are now free. The value of your land has collapsed at least by half, down to maybe 25k. What about your 50k in securities? Depends on what you did with it during the war. Some kept it safely tied up in northern banks. Many did not, investing it in confederate bonds and confederate cash. Which means in 1865 it's poof, gone with the wind. Suddenly, the rich man of 1860 is facing bankruptcy as can't pay the taxes on his thousand acres, so he needs to sell parts, then more, then even more of it. That's how an economy is devastated. And the South was economically devastated. Incidentally, more "slave wealth" survived from investments prior the war into Northern industries. And some of those industries remain today in some form or guise. But not so much in the south. Ironic. |
Cool. How much was it, and what was it like? |
There still isn't enough wealth floating around. Around 2% of U.S. households have over $4-$5 million of wealth. That's much, much lower than the 100 out of 500 as measured by looking at Congressional legislators. Estimates are that the top 2% control about 1/3 of the nation's wealth. That's $60T. Assuming 1 of 5 families benefited from holding slaves, that's $230,000 for each Black person in the US. Is that going to build generational wealth? |