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The Scholar Thomas Craemer Calculated a Second Compensation Estimate for the Hours

question 154

True/False

The scholar Thomas Craemer calculated a second compensation estimate for the hours worked by enslaved black men, women, and children from 1776 (the Declaration of Independence) to 1865 (the official end to slavery) for all 24 hours of the day to be $500,000 billion in current dollars.


Definitions:

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.

Accounts Receivable

Money owed to a business for goods or services that have been delivered or used but not yet paid for by customers.

Current Liabilities

Debts or obligations that are due to be paid within one year or within the normal operating cycle of the business, whichever is longer.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

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