Analysis: The vast gap in wealth between white and black families is the most visible sign of slavery's economic and social impact.
Slaveowners, like today’s owners of the top 1 percent of wealth, were massively influential in local and national politics. They were pillars of their communities, serving as judges, lawyers and doctors, involved in the making of law, the development ofand many of its other institutions. Slaveowners’ children ranked among those enrolled at Harvard, Yale and Columbia.
Also worth noting: All but two of the McConnell ancestors’ slaves are listed as mulattos, Berry said. In most cases, such slaves were the mixed-race progeny of their current or past owners. They were born to violated slave women who under the law produced children born slaves. Those benefits were made exponentially more powerful for all white Americans by social practice and policy, said Asante-Muhammad.
“I know this cuts to the quick, to the core of the American myth, this idea that hard work and education are all you need,” said Asante-Muhammad, after pointing out that black Americans have made significant gains in college attendance. “But the data, they tell the tale. What’s even more telling is wealth, the racial wealth gap. At no point in history has it ever been bridged.”
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