Did you know the very banks you use today were built off the back of the slave trade? Barclays, HSBC, Lloyd’s, and the Bank of England have historic connections to the slave trade, with board directors receiving compensation for their ‘loss of human property’ when the slave trade was abolished. The debt was so vast that it wasn’t paid off until 2015, which means British taxpayers helped line the pockets of these wealthy slave owners. The financial institutions of the City of London enabled the wealthy elite to profit from slavery in America even long after the slave trade was abolished. British investors continued to make money from ‘plantation mortgages’ where credit was given against the value of slaves. VICE World News host Zing Tsjeng explores how pervasive the legacy of slavery is. Click here to SUBSCRIBE to VICE Asia: https://bit.ly/2LhqAR9 Connect with VICE Asia: Check out our full video catalog: https://bit.ly/2P3Y0pv Videos, daily editorial and more: http://vice.com/en_asia More videos from the VICE network: https://ift.tt/2X9Oow1 Like VICE Asia on Facebook: http://fb.com/viceasia Follow VICE Asia on Twitter: https://twitter.com/viceasia Follow us on Instagram: https://ift.tt/2IWiOxM
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