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Reparations for slavery
Reparations for slavery are financial compensation, legal remedy of damages, public apology and guarantees of non-repetition of enslavement. Victims of slavery can refer to historical slavery or ongoing slavery in the 21st century. Some reparations for slavery date back to the 18th century.
United Nations General Assembly Resolution 60/147 refers to measures to repair violations of human rights including restitution and compensation.
Reparations can take numerous forms, including practical measures such as individual monetary payments; settlements; scholarships and other educational schemes; systemic initiatives to offset injustices; or land-based compensation related to independence. Other types of reparations include apologies and acknowledgements of the injustices; the removal of monuments and renaming of streets that honour enslavers and defenders of slavery; or naming a building after an enslaved person or someone connected with abolition. Development aid is generally not counted as reparations. Some view financial reparations are insufficient, and demand as reparations for slavery opportunity to repatriate to country of origin before slavery and "bringing an end to the current political and economic system".
In December 2022, the prime minister of the Netherlands, Mark Rutte, apologised on behalf of the Dutch Government for its role in slavery at an event at the National Archives in The Hague, which included representatives of various advocacy organisations. It also pledged to give €200 million towards "raising awareness, fostering engagement and addressing the present-day effects of slavery", and is planning a commemoration of the history of slavery on 1 July 2023, along with Dutch Caribbean nations, Suriname, and other countries.
By the 2010s examples of international reparations for slavery consisted of recognition of the injustice of slavery and apologies for involvement but no material compensation. In June 2023, the Brattle Group presented a report at an event at the University of the West Indies in which reparations were estimated, for harms both during and after the period of transatlantic chattel slavery at more than 100 trillion dollars. In October 2023, the UK Reparations Conference was held and a joint declaration issued to the effect that full reparatory justice must be "pursued and achieved".
The Slave Compensation Act 1837 was an Act of Parliament in the United Kingdom, signed into law on 23 December 1837, to bring about compensated emancipation. Enslavers were paid approximately £20 million in compensation in over 40,000 awards for enslaved people freed in the colonies of the Caribbean, Mauritius and the Cape of Good Hope. This represented around 40 percent of the British Treasury's annual spending budget and has been calculated as equivalent to about £16.5bn in today's terms. Some of the payments were converted into 3.5% government annuities, which caused a drawn-out process.
The Act, formally 1 and 2 Vict. 3, was the world's major statute of "compensated emancipation". It empowered the Commissioners for the Reduction of the National Dept to raise the £20 million by issuing government stocks, effective borrowing against future tax revenues to pay former enslaves for the "loss of their property."[citation needed]
The Africa Reparations Movement, also known as ARM (UK), was formed in 1993 following the Abuja Proclamation declared at the First Pan-African Conference on Reparations in Abuja, Nigeria, in the same year. The conference was convened by the Organisation of African Unity (OAU) and the Nigerian government.
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Reparations for slavery
Reparations for slavery are financial compensation, legal remedy of damages, public apology and guarantees of non-repetition of enslavement. Victims of slavery can refer to historical slavery or ongoing slavery in the 21st century. Some reparations for slavery date back to the 18th century.
United Nations General Assembly Resolution 60/147 refers to measures to repair violations of human rights including restitution and compensation.
Reparations can take numerous forms, including practical measures such as individual monetary payments; settlements; scholarships and other educational schemes; systemic initiatives to offset injustices; or land-based compensation related to independence. Other types of reparations include apologies and acknowledgements of the injustices; the removal of monuments and renaming of streets that honour enslavers and defenders of slavery; or naming a building after an enslaved person or someone connected with abolition. Development aid is generally not counted as reparations. Some view financial reparations are insufficient, and demand as reparations for slavery opportunity to repatriate to country of origin before slavery and "bringing an end to the current political and economic system".
In December 2022, the prime minister of the Netherlands, Mark Rutte, apologised on behalf of the Dutch Government for its role in slavery at an event at the National Archives in The Hague, which included representatives of various advocacy organisations. It also pledged to give €200 million towards "raising awareness, fostering engagement and addressing the present-day effects of slavery", and is planning a commemoration of the history of slavery on 1 July 2023, along with Dutch Caribbean nations, Suriname, and other countries.
By the 2010s examples of international reparations for slavery consisted of recognition of the injustice of slavery and apologies for involvement but no material compensation. In June 2023, the Brattle Group presented a report at an event at the University of the West Indies in which reparations were estimated, for harms both during and after the period of transatlantic chattel slavery at more than 100 trillion dollars. In October 2023, the UK Reparations Conference was held and a joint declaration issued to the effect that full reparatory justice must be "pursued and achieved".
The Slave Compensation Act 1837 was an Act of Parliament in the United Kingdom, signed into law on 23 December 1837, to bring about compensated emancipation. Enslavers were paid approximately £20 million in compensation in over 40,000 awards for enslaved people freed in the colonies of the Caribbean, Mauritius and the Cape of Good Hope. This represented around 40 percent of the British Treasury's annual spending budget and has been calculated as equivalent to about £16.5bn in today's terms. Some of the payments were converted into 3.5% government annuities, which caused a drawn-out process.
The Act, formally 1 and 2 Vict. 3, was the world's major statute of "compensated emancipation". It empowered the Commissioners for the Reduction of the National Dept to raise the £20 million by issuing government stocks, effective borrowing against future tax revenues to pay former enslaves for the "loss of their property."[citation needed]
The Africa Reparations Movement, also known as ARM (UK), was formed in 1993 following the Abuja Proclamation declared at the First Pan-African Conference on Reparations in Abuja, Nigeria, in the same year. The conference was convened by the Organisation of African Unity (OAU) and the Nigerian government.