Many insurance companies practiced the writing of slave life insurance policies in 19th Century United States. The effect of this practice was to provide the financial backing necessary to give
potential slave owners motivation to purchase human chattel – a very expensive investment. The policies gave slave owners the security necessary to employ enslaved Africans in ultra-hazardous capacities.
If there is no connection between JP Morgan Chase and slavery, what do we make of the circular from Aetna’s archives? What about the $2.5 million capital investment advertised in the 1852 circular – what became of that? Also, would fifty-five bankers, doctors, insurers,
shippers, and others advertise a venture that was never launched?
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You inherit what your ancestors experienced, both the rich and the poor. If people enslave your family, you inherit the aftermath. Why not apologize for being the beneficiary of slavery, even if the benefit may be diluted through the generations?
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