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by zdw 2552 days ago
Freeing slaves had the effect of taking away "property" from people.

Any change to the status quo that affects someones finances, you'll see some level of opposition.

1 comments

The federal government paid “reparations” to those former slave owners and they were wealthier by the 1880s than they had been before the war.
Only happened in DC for very few people, so I'm not sure your statement holds: https://en.wikipedia.org/wiki/Compensated_emancipation#Unite...
Thank you, you caused me to dig up what I had read and I misremembered the causes. But within 15 years the rich were back on top.

https://www.washingtonpost.com/us-policy/2019/04/04/how-sout... (original study: https://www.nber.org/papers/w25700 )

Slightly different analysis, on wealth mobility on a shorter timescale: https://voxeu.org/article/impact-us-civil-war-southern-wealt...