Knowledge Tree
Wall Street
Facts (10)
Sources
Systemic Debt Slavery - David Korten davidkorten.org Jan 8, 2021 3 facts
claimWall Street fundamentalists weakened unions and outsourced jobs to create downward pressure on wages, while simultaneously using advertising to promote extravagant lifestyles and credit card debt.
claimWall Street promoted credit card and mortgage debt as a solution to falling wages relative to the cost of living, leading people to become locked into unpayable debt.
claimDavid Korten argues that Wall Street presents itself as the solution to a variety of human needs.
'The Lehman Trilogy' and Wall Street's Debt to Slavery reparationscomm.org Nov 10, 2021 3 facts
accountLehman Brothers transitioned from cotton factoring in the South to becoming a Northern finance powerhouse on Wall Street within two decades of the American Civil War.
quoteIn the 1885 novel 'An Iron Crown: A Tale of the Great Republic', Stewart Denison argued that monopoly capitalism was trapping all Americans into economic bondage, citing the actions of railway kings, oil companies, and Wall Street pirates.
quoteThe New York Times observed regarding 'The Lehman Trilogy': “By completely omitting something terribly obvious—that the original fortune was made on the backs of slaves—the play suggests that the real evildoers were not the kindly young men from Bavaria who sold cloth,” but the wizards of Wall Street several generations later.
Media Coverage - News Center - Baruch College newscenter.baruch.cuny.edu 2 facts
'The Lehman Trilogy' and Wall Street's Debt to Slavery nybooks.com Jun 11, 2019 1 fact
perspectiveThe New York Times criticized 'The Lehman Trilogy' for omitting that the original Lehman Brothers fortune was made using slave labor, arguing that this omission suggests the real evildoers were the later Wall Street figures rather than the original founders.
History of the Central Intelligence Agency - Wikipedia en.wikipedia.org 1 fact
accountJames Forrestal and Allen Dulles collected donations from Wall Street and Washington, D.C., and secured permission from Secretary of the Treasury John W. Snyder to access the $200 million Exchange Stabilization Fund to finance political activities in Italy.