The Companies Built On The Backs Of Our Enslaved Ancestors

August 21, 2019

Tiffany & Co.

Iconic high-end jewelry retailer Tiffany & Co. would have never been built into an empire if its founder, Charles Tiffany, hadn’t made his fortune in the 1800s in the cotton industry, built on the backs of enslaved people.

New York Life

Like Aetna and many other insurance companies, New York Life got its start by selling life insurance for enslaved people to their owners - thus directly profiting off the slave trade.

JP Morgan Chase

Now one of the largest banks in America, JP Morgan Chase literally owned slaves, because it accepted them as collateral and took ownership in the case of default. 

In 2005, Chase apologized and offered $5 million in scholarships to Black students as reparations - but given the bank makes almost $10 BILLION a year in profit, the gesture is insulting.

CSX Transportation

One of the largest railroad corporations in the Southeast and Eastern U.S., CSX’s railroad tracks were built by slave labor - as were most railroad tracks throughout America.

USA Today

Countless newspaper brands still publishing today, like USA Today, once published ads for the buying and selling of slaves, which were a huge portion of the newspapers’ profits.

We have a quick favor to ask:

PushBlack is a nonprofit dedicated to raising up Black voices. We are a small team but we have an outsized impact:

  • We reach tens of millions of people with our BLACK NEWS & HISTORY STORIES every year.
  • We fight for CRIMINAL JUSTICE REFORM to protect our community.
  • We run VOTING CAMPAIGNS that reach over 10 million African-Americans across the country.

And as a nonprofit, we rely on small donations from subscribers like you.

With as little as $5 a month, you can help PushBlack raise up Black voices. It only takes a minute, so will you please ?

Share This Article: