LONDON – Britain’s University of Cambridge said on Thursday (Sept 22) it had benefited from the proceeds of slavery over its history, and promised to expand scholarships for Black students and fund more research into the murderous trade. The acknowledgement comes as a string of leading institutions – from the Bank of England to the Church of England – have been re-evaluating the central role that slavery had in enriching Britain and how they benefited from its injustices. Cambridge said an investigation it commissioned had found no evidence that the university itself ever owned slaves or plantations directly. But the findings showed it had received “significant benefits” from slavery. Those came from university benefactors who had made their money from the slave trade, the university’s investments in companies that participated in it, and fees from plantation-owning families, according to the investigation’s report. Researchers found that fellows from Cambridge colleges were involved with the East India Company, while investors in the Royal African Company also had links to Cambridge – two companies both active in the slave trade. The university also received donations from investors in both companies, and also directly invested in another company active in the slave trade, the… Read full this story
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