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This would raise the status and income of his family.
…a devastating experience of slavery in America had resulted in the condition of poverty of northern free people of color and the climate of persistent prejudice against them. The introduction of slave labor into the New England household economy enabled its expansion from small-time farms to large agricultural production, the expansion of local and regional markets, widespread entrepreneurial activity, and the rise of manufactories.
For nearly two hundred years the North maintained a slave regime that was more varied than that of the South.
Rather than using slaves as primarily agricultural labor, the North trained and diversified its slave force to meet the needs of its more complex economy.
Peter Faneuil inherited a huge fortune, which had been made from the slave trade, and he increased his wealth through further slave trade involvement.
His gift of Faneuil Hall to Boston is evidence of the wealth he made from the slave trade.
”But, in drastically streamlining the attraction process, and entirely by accident, Tinder became the skeleton key to unlocking data on racism in America.A number of blacks in New England, as in the other colonies, held the status of freedmen. In some cases the slaves won their freedom by entering into formal contracts with their masters to serve them for a period of years in return for their freedom.Some slaves were manumitted for faithful service; others through the wills of their owners.The status of these newcomers differed little from that of the white indentured servants who far outnumbered them.By the end of the century, however, the black population had grown and colonial laws recognized a new sort of bondage that was based upon race: chattel slavery.