Historic
Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.
Through the years the nation gave increasing emphasis to Labor Day. The first governmental recognition came through municipal ordinances passed during 1885 and 1886. From these, a movement developed to secure state legislation. The first state bill was introduced into the New York legislature, but the first to become law was passed by Oregon on February 21, 1887. During the year four more states — Colorado, Massachusetts, New Jersey, and New York — created the Labor Day holiday by legislative enactment. By the end of the decade Connecticut, Nebraska, and Pennsylvania had followed suit. By 1894, 23 other states had adopted the holiday in honor of workers, and on June 28 of that year, Congress passed an act making the first Monday in September of each year a legal holiday in the District of Columbia and the territories.
African American
We remember and celebrate the history of African Americans working in these United States and promoting economic wealth for Caucasians - Enduring Concentrated Poverty.
The Gospel of Slavery, by “Iron Gray,” [Abel C. Thomas] 1864.
The most commonly used phrase describing the growth of the American economy in the 1830s and 1840s was “Cotton Is King.” We think of this slogan today as describing the plantation economy of the slavery states in the Deep South, which led to the creation of “the second Middle Passage.” But it is important to understand that this was not simply a Southern phenomenon. Cotton was one of the world’s first luxury commodities, after sugar and tobacco, and was also the commodity whose production most dramatically turned millions of black human beings in the United States themselves into commodities. Cotton became the first mass consumer commodity.
Understanding both how extraordinarily profitable cotton was and how interconnected and overlapping were the economies of the cotton plantation, the Northern banking industry, New England textile factories and a huge proportion of the economy of Great Britain helps us to understand why it was something of a miracle that slavery was finally abolished in this country at all.
Let me try to break this down quickly, since it is so fascinating:
Let’s start with the value of the slave population. Steven Deyle shows that in 1860, the value of the slaves was “roughly three times greater than the total amount invested in banks,” and it was “equal to about seven times the total value of all currency in circulation in the country, three times the value of the entire livestock population, twelve times the value of the entire U.S. cotton crop and forty-eight times the total expenditure of the federal government that year.” As mentioned here in a previous column, the invention of the cotton gin greatly increased the productivity of cotton harvesting by slaves. This resulted in dramatically higher profits for planters, which in turn led to a seemingly insatiable increase in the demand for more slaves, in a savage, brutal and vicious cycle.
Now, the value of cotton: Slave-produced cotton “brought commercial ascendancy to New York City, was the driving force for territorial expansion in the Old Southwest and fostered trade between Europe and the United States,” according to Gene Dattel. In fact, cotton productivity, no doubt due to the sharecropping system that replaced slavery, remained central to the American economy for a very long time: “Cotton was the leading American export from 1803 to 1937.”
What did cotton production and slavery have to do with Great Britain? The figures are astonishing. As Dattel explains: “Britain, the most powerful nation in the world, relied on slave-produced American cotton for over 80 per cent of its essential industrial raw material. English textile mills accounted for 40 percent of Britain’s exports. One-fifth of Britain’s twenty-two million people were directly or indirectly involved with cotton textiles.”
twenty-two million people were directly or indirectly involved with cotton textiles.”
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