Episode 2 of 2
Compensation Financing
- When
- 3 August 1835
- Where
- London
The government finalized a £15 million loan to finance the compensation fund for slaveowners.
To finance the £20 million compensation fund, the British government took on a £15 million loan, finalised on 3 August 1835, with banker Nathan Mayer Rothschild and his brother-in-law Moses Montefiore. The remaining £5 million was paid out directly in government stock, worth £1.5 billion in present day.
Sources
- Slavery Abolition Act 1833 Wikipedia, revision of 2026-09-19
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.