2min chapter

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Debt: The First 5000 Years (Audiobook) David Graeber

Notus & Friends

CHAPTER

The Origins of Pawn Ships in West Africa

The slave trade was an extraordinarily duplicitous and brutal business. By the time europeans showed up on the scene, around 15 hundred it had become effectively a kind of debt peonage. Debtors would pledge family members as surety for loans. The pawns would then become dependents in the creditors households,. working their fields and tending to their household shores.

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