Chapter 44 Debt Repayment

James Polk never stopped buying more and younger slaves while claiming to free them. It's just that as a public figure, he wasn't stupid enough to buy slaves personally.

All this was done by his wife, Sarah Polk, and the secret slave trade continued until the death of James Polk.

Polk himself believed that it was morally correct to treat slaves as chattels, but this did not correspond to the prevailing view of the time, so he had to buy slaves in secret.

"James Polk never bought slaves, and those transactions were just for the sake of family harmony."

As far as slaves were concerned, Polk preferred those who were young and efficient.

"Especially those girls, they can create more value in their lives, and every child born to a slave will be part of my property." β€”From Polk's letter to his cousin.

In addition, the proportion of children in Polk's clandestine dealings was quite high, accounting for almost 60% of all transactions, which was considered a highly discerning practice at the time.

Because child slaves are cheaper and have a longer "lifespan", there are even economists in the United States who have historically called them "great investors".

Although it is often said that slaves on the estates were better off than slaves in the factories, the mortality rate for underage slaves on the estates alone was 45 per cent, compared to 23 per cent for the nationals.

In other words, nearly half of slaves in the United States do not survive to adulthood, while three-quarters of the average American survives to adulthood.

The mortality rate for underage slaves on Polk's estate was 55 percent, mainly because his wife focused on breeding more slaves for more profit, leaving the teenagers to suffer what they should not have at their age.

If Polk didn't move slavery, he would have to take the British. But with the national strength of the United States at this time, this matter cannot be done either.

After all, the United States at this time offended Austria, and at the same time it was in competition with the French, and the only stable market for cotton was the British.

In fact, Austria had its own cotton fields, and the French also built a large number of cotton plantations in their North American colonies, not only in the same pattern as the Americans, but also from the United States for the black slaves and overseers.

Therefore, in order to ensure the sales of American cotton, the British Polk did not dare to offend.

In fact, even without the above article, the military and national strength of the United States cannot be compared with that of the United Kingdom.

But despite the poor performance of the U.S. military in the previous Mexican-American War, from generals to politicians, they still look like they are invincible, as if those defeats never happened.

As for the reflection on the war, there is little to no reflection, and Robert Lee was thrown tomatoes by students for speaking in class at West Point on "The Lessons of the Failure at the Battle of the Rio Grande."

After the end of the war, the U.S. military was disbanded in large numbers, and these people were originally young and strong laborers, but because many people were infected with or carried yellow fever germs, the yellow fever epidemic in the United States was caused.

As a result, these soldiers, who had just fought for the United States, became poisonous rats that everyone beats.

The reason for this is related to the way the U.S. government resettles the soldiers, who want to stay on the land they have just been given and resettle nearby, which also saves time for emigrating.

But these soldiers were generally poor, and their income could not cover the cost of buying land. But if they can be placed on newly acquired land, not only will they not only save the expense of disbanding soldiers, but also stabilize the frontier, it will definitely be the best of both worlds.

While the senior officials of the White House were hesitating, the bankers, led by Soros, came to the White House. They are here for nothing else, only to settle accounts.

Specifically, there are three points:

First, the restoration of the independent treasury system.

Second, reduce tariffs.

Third, operate the western region.

The first is what bankers and Jewish financial groups value most, although in theory the establishment of an independent treasury would separate the government from banking and prevent certain interest groups and individuals from using the banks for profit.

It may even in turn hit the banking sector, reducing the use of bank rolls and hindering the interests of certain interest groups. But in reality, such a system is more prone to corruption, and the independent treasury of the United States has never been independent.

Instead, it evolved into a bank that issued money, a national silver coin reserve center, and a gold and exchange rate control center, which replaced the central bank to a certain extent, and finally established the federal reserve system in 1913, which became the prototype of the current Federal Reserve.

This was something that Polk had negotiated before he came to power, so he had no objections, but the list of Treasury officials made him frown, because it was almost all Jewish.

The reputation of Jews in this era is really not good, and if this list of officials is really out, I am afraid that he will not be the president.

"There are too many Jews on this list."

Soros smiled: "Mr. President, they are not Jews, they are just American citizens. ”

In fact, with the exception of some special surnames, ordinary people have no way of telling whether the officials are Jews or not.

Polk: "Mr. Soros, your wisdom is truly admirable, and it is true that the value of a nation cannot be defined by his racial identity, but by what he has done for his country. ”

Soros: "I also admire your wit and sense of righteousness. Ladies and gentlemen, great America! ”

"To our America!"

America's richest plutocrats toast together.

As for the second point of tariff reduction, it is part of the Soros and Franz deal. However, I have to say that these businessmen are sometimes quite reputable, and of course this may also have something to do with the fact that Franz has a gun in his hand.

Polk is not much of a fan of tariff reductions, because U.S. industry is in its infancy and needs a lot of cheap raw materials, cheap labor, and a stable market.

However, once the tariffs are liberalized, a large number of European industrial products will flow into the market, and at the same time, a large number of foreign orders will also rob the United States of raw materials for the development of domestic industries, and even some European powers will attract immigrants in reverse, resulting in a brain drain.

This is what Polk does not want to see, but his personal will is not worth mentioning in the face of power.

In fact, the tariff problem has been around for a long time, but at this time, the strength of the South, coupled with the collective pressure of the bankers, even Vice President Joel Dallas, who has always opposed the reduction of tariffs, has surrendered.

In the end, Polk came up with the lowest tariffs in the history of the United States, with almost zero tariffs on U.S. cotton and grain exports, almost zero tariffs on European industrial imports, and Austria's high-end industrial products receiving a symbolic subsidy from the U.S. government.

Thirdly, in addition to the power and fame, the bankers also need to recover their costs, and the land in the west is just right, after all, it is the legitimate income of the US government to pay off the debt.

But the resettlement of those veterans is not under their control, and they just want to buy land with money.

It's fair to pay with one hand and deliver the goods with the other.

As for what to do with those soldiers who can't afford it? But there's always someone who can afford it, isn't it?

Ask for a monthly pass, a recommended ticket or something.

(End of chapter)