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Suppose there are two small island countries: Avarice, which is populated by people who are completely self-interested, and Altruism, which is populated by people who have adopted social norms of generosity and cooperation. Commitment problems will be:
African Slaves
Individuals from Africa who were forcefully transported to and enslaved in various parts of the world, especially in the Americas, from the 16th to the 19th centuries.
Jim Crow
Laws and practices enforcing racial segregation and discrimination against African Americans, particularly in the southern United States, from the late 19th century to the mid-20th century.
Minstrel Shows
A form of entertainment in the 19th and early 20th centuries in America that stereotypically depicted African Americans through blackface performances.
Forty Acres and a Mule
A promise made during the Civil War to freed slaves, representing a plan for reparations by granting them land to ensure their independence and viability after emancipation, which was largely unfulfilled.
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