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Slavery Abolition Act 1833
British Act ending slavery in most of the empire, with £20 million for the owners; apprenticeship for the enslaved.
- Dates
- 28 Aug 1833
- Wikidata
- Q487420
Connections 2
enacted by
- British government 1833 Scholarship & press 1
includes
- Compensation of slave owners under the 1833 Act Primary record 1234
Timeline 2 dates
- 1833 British government signed into law Slavery Abolition Act 1833
- 28 Aug 1833 Slavery Abolition Act 1833
Proof 4 sources
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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
In 1833 the British government passed the Slavery Abolition Act
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
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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).
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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
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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
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
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