Jp Morgan Chase's Slavement

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JP Morgan Chase’s Slavement When you heard the word “slavery”, you knew that it related to abusiveness, inhumanity, and brutality with keeping the slaves to work 24/7 without payment, abusing them if they don’t follow the direct order and letting them died slowly without giving them any food. African-American had been enslaved in The United States of America since early 17th century. Slavery had its origin with the first English Colonization of North America in Virginia in 1607, even though African slaves were brought to Spanish Florida in 1607.⁽¹) Furthermore, it had been more than twelve million African were shipped to America from 16th to 19th century to work as slaves. At that point of time, slaves didn’t have their own rights to fight for themselves. I personally think that slavery was one of the most unethical issues that ever happened in The United States of America, and one of those many cases pointed out to the second-biggest bank in The U.S., JP Morgan Chase, which had two predecessors in Louisiana that had customers that appear to have used enslaved individuals.⁽2⁾ Even though the law already persistent the slavery case clearly with the adoption of the Thirteen Amendment to the United States Constitution in 1865, JP Morgan Chase extended loans to slave-owners using slaves as collateral for the loans, consolidated lawsuit alleges.⁽3⁾ JP Morgan Chase hired a Maryland research firm and found that its predecessors had approximately 13,000 enslaved individuals as collateral on loans and took ownership of approximately 1,250 of them when the plantation owners defaulted on the loans.⁽4⁾ JP Morgan Chase’s involvement in this case because there was a link between JP Morgan’s predecessors which were Citizens Bank and Canal Bank, and Bank One which JP Morgan bought in 2004. JP Morgan Chase was facing lawsuits from the descendants of the slaves as
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