This could be seen in the case of the Second Bank of the United States (B.U.S) chartered by James Madison in 1816. The establishment of financial security for free Americans only resulted in the roots of slavery growing deeper. The B.U.S gave white Americans (enslavers) a “…future in which the debts of slave buyers would be paid off by ever-growing revenues from the cash earning commodities that industrializing Britain wanted” (Page 92). The B.U.S allowed sellers like McLean to buy slaves with short term credit and sell them to get bills of exchange (Page 94). It also allowed white Americans who owned land but did not have slaves, to buy slaves on credit. This credit could then be repaid from the profit generated from the cotton the enslaver grew on his land. Thus, the number of enslavers increased- increasing the demand which resulted in an influx of slaves and further expansion of …show more content…
The peaceful abolition of an institution like slavery was a distant dream. Even the slave rebellion of Saint Domingue in1791 resulted in mass bloodshed before a total African victory (Page 44). Thus, the laws and words on paper probably would not have resulted in the complete abolition of slavery. However, these laws and compromises could have prohibited the expansion of slavery. If slavery had not expanded as far as it did, then the Confederate of US (Confederacy) might not have had enough power to start a complete war against the rest of the US to protect the slave culture that become an instrumental part of American