What does slavery have to do with contemporary wealth inequalities?

Expert Solution

Answer: These are the major issues caused by the slavery that led to present day wealth inequlities:

Reach to the Resources: Slaves didn't have any reach to resources. They were treated as an animal and they used to work for their owners. They could not own lands, they couldn't establish factories. They were restricted and their freedom was curtailed. These conditions had major implication on the race to resources. A significant gap was produced between blacks and whites due to slavery, which will take years to diminish.
Lack of opportunity: Due to slavery, blacks had very less opportunity under the sun. All they could be in their life was a farm worker or a servant who was paid very insignificantly. They were discriminated and tortured when they used to start some business on their own. This kept them poor for the most of the time in the history.
Discriminnation: Though slavery ended, prejudices and discriminations never did. They continued to exist in the society that kept blacks away from mainstream for very long time, which easily translated into wealth inequality.

Hayet Jeridi answered 1 month ago

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