> The British government also paid 20 million pounds – the equivalent of around 17 billion pounds today – to compensate slave owners for the lost capital associated with freeing slaves. This payout was a massive 40% of the government's budget and required many bonds to slave owners to effectuate the law.
honestly the most amazing this is that in the 1830s when this happened, ~20 billion was half of the british government budget in today's pounds. for comparison: the current budget is around 1200 billion, so around 60 times higher, and there's no empire around this time.
lainy /
npub1wa…9xc8t
2025-02-20 12:14:17
Author Public Key
npub1wahdrf28uf5n5tykfeyzf43sdgg65djvm8re3ulpentr3teaxujs09xc8tSeen on
wss://relay.mostr.pubPublished at
2025-02-20 12:14:17Event JSON
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