Capitalism, Dominating the Industry, and Stock Markets

3 QUESTIONS
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Question 2; To what extent do you agree with the statement, “in order to understand the brutality of American capitalism, you have to start with racial slavery?”
“America is a capitalist society” is a mean and fatalistic mantra that hits anyone who dares to question why the American society cannot exercise fairness and equality while dealing with its citizens and foreigners. Those seeking to identify the origin of brutality in the American economy have found answers in culture, religion, and politics. However, scholars have persuasively pointed that slavery birthed the modern-day brutal capitalistic American economy. Like the scholars, I fully agree that it is impossible to understand the cruel nature of American capitalism without considering slavery as its origin.
               By the eve of the civil war, Americans chose cruelty over lawfulness, barbarism over modernity, and totalitarianism over democracy. They inflicted unspeakable torture to nonwhites, especially blacks, for economic gain as they worked in cotton plantations. Nothing mattered to them except their unquenchable thirst and greed for money. At that time, slavery brought tremendous wealth in American states that were unflinchingly willing to use violence and torture to earn free labour from slaves. The cumulative value of slaves exceeded that of all factories and railroads that existed in the country by then. To substantiate the claim, consider that New Orleans had more banking capital than New York due to the cotton economy booming in New Orleans, with slaves as the primary source of labour. The cotton economy boomed in the United States and not in other parts of the world with similar climates and soil types due to the nation's willingness to use slave labour and exercise its insatiable greed for an endless supply of labour and land. At this point, the capitalistic nature of the American economy was born. Since then, Americans in positions of power have never shied away from using any means necessary to accumulate wealth. It is as though the memory of the massive wealth generated by slavery got ingrained in the American DNA and is always passed down to the next generation.
In the 19th Century, cotton was among the most traded commodities. Its demand level always exceeded the available supply because it needed a lot of farmlands. The productivity of cotton farming fields was only a few seasons before the soil became depleted and completely unable to support the crop, creating a recurrent need for new land after every few seasons. After the cotton gin was invented in the early 1970s, the thirst for new farmland spilt out of control. Before the gin was invented, slaves produced more cotton than they could clean. However, with the advent of the cotton gin, it became possible to clean as much cotton as they could grow. Therefore, slave masters sought as much land as possible. As a result, the newly born capitalism caused the United States government to confiscate land from Native Americans in Florida, Alabama, Tennessee, and Georgia using military force. The government would sell an acr...