Episode 1 of 3
Financing the Compensation
- When
- 3 August 1835
- Where
- British Government
- Part of
- Slave Compensation Act 1837
The British government secured a £15 million loan in 1835 to finance the compensation payments, with additional funds paid in government stock.
To finance the payments, the British government took on a £15 million loan finalized on 3 August 1835 with banker Nathan Mayer Rothschild and his brother-in-law Moses Montefiore. An additional £5 million was paid out directly in government stock, worth approximately £1.5 billion in present-day terms.
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.