Connect the Dots

Event

Compensation of slave owners under the 1833 Act

About 47,000 people claimed on £20 million; the enslaved received no compensation.

3 links, 1 backed by primary records

Play the story Explore connections

Connections 3

involved

part of

appears in

Proof 5 sources
  1. The collection of slavery compensation, 1835-43 (Staff Working Paper No. 1,006), Bank of England (authors’ views, not the Bank’s), Nov 2022. Scholarship & press
    The Bank of England administered the payment of slavery compensation on behalf of the British government.
    a public loan contracted with a syndicate of City financiers led by Nathan Mayer Rothschild and Moses Montefiore
    Parliament passed legislation that abolished slavery within the British Empire
  2. Freedom of Information Act 2000: Slavery Abolition Act 1833 (FOI2018/00186), HM Treasury (reply as posted by the Tax Justice Network), 31 Jan 2018. Primary record
    The Government used £20 million to fund the Slavery Abolition Act 1833.
    The Slavery Abolition Act (1835) Loan was rolled over into the Government’s gilt programme, ultimately into an undated gilt, the 4% Consolidated Loan (1957 or after).
  3. This is what we know about the government loan to pay slave owners compensation after slavery was abolished in 1833, Full Fact, 2 Jul 2020. Scholarship & press
    Freed slaves did not receive any compensation.
    A large proportion of the money was raised by a syndicate led by the bankers Nathan Mayer Rothschild and Moses Montefiore
    we don’t know how much they retained and how much they distributed or sub-underwrote
  4. The 1833 Abolition of Slavery Act and compensation claims, The National Archives (UK). Primary record
    the residue of these slavery payments was not cleared until 2015
    These apprentices were to work without compensation as a transition to freedom.
    The period of apprenticeship ended in 1838
  5. Legacies of British Slave-ownership, 1760-1880, Journal of Slavery and Data Preservation, 2020. Scholarship & press
    First, the project identified those who claimed compensation for the loss of their “property,” i.e. the enslaved, totaling about 670,000 people, when slavery in the British Caribbean was abolished in 1833.
Page history 1 change
  1. Add 55 stories, each checked against its sourcesAlibek96e92fe6

Something wrong or missing? Tell us, with a source, or edit this page.