ONLY 27 million!! I thought it was anyone with a mortgage.
And that’s where you’d have a conversion problem for 1857, as for a lot of the time between then and the final decoupling of gold to dollars, a dollar’s worth of gold was not something decided by the free market.
How would slaves be paid for? Did the slave buyers have to carry around lots of gold or what? How did they manage large transactions in the days before the ability to instantly verify bank accounts existed? How would you know if a check for a very expensive purchase like a slave or a piece of agricultural machinery was any good before the goods were carted off?
(a) Paper money, if applicable in the period
(b) Letter of credit from a reputable bank, either a local one or one with which the local banker had a good relationship of trust. Also, remember that in those times the various parties in direct contact with one another in a major transaction either already knew each other rather well, or would be working thru well-established brokers who would have established trust with both parties.
Reported. Oh, yeah, was it reported!
Crikey! First the murder for hire guy, and now this. Is this a new trend, that every time we make a thread about some commoditized crime against humanity, someone will pop out of the woodwork to offer it for sale at a bargain price? :eek:
The mods just deleted a post on here by someone purporting to be a slave trader.
Please forward that to the appropriate authorities, guys…