December 19, 1865
(J.P.) "Morgan initially was widely commended for leading Wall Street out of the 1907 financial crisis; however, in the ensuing years the portly banker with the handlebar mustache and gruff manner faced increasing criticism from muckraking journalists, progressive politicians and others that he had too much power and could manipulate the financial system for his own gain In 1912, Morgan was called to testify before a congressional committee chaired by U.S. Representative Arsene Pujo (1861-1939) of Louisiana that was investigating the existence of a “money trust,” a small cabal of elite Wall Street financiers, including Morgan, who allegedly colluded to control American banking and industry. The Pujo Committee hearings helped bring about the creation of the Federal Reserve System in December 1913 and spurred passage of the Clayton Antitrust Act of 1914.." - quote about JP Morgan from History dot Com Editors.
No one ever thinks about what had happened on December 19th, 1865. December 19th, 1865 is the day that Progressives almost have erased from US History. When you look up that day, you'll notice that it was the very first day that slavery was truly against the law in the US.
On December 19th, 1865 blacks became the number one demographic in the two biggest in industries in the US. On Dec 18th, 1865 ,J. P Morgan owned over 1200 slaves (that came with defaulted property) and 11800 slaves that were held as collateral on business and farms. In other words JP Morgan owned 13, 000 blacks who knew everything about making money.
So what did JP Morgan do with all those people? JP Morgan went into business with them. JP Morgan made tons of money off the monopoly blacks had created, by no fault of their own. In fact for some time, JP Morgan was known as a "black" bank.
"Wait a minute, what do you mean that blacks had a monopoly and JP Morgan would only do business with mainly blacks?"
Think about it. What happened the day after slavery? I don't remember white people learning how to use the cotton gin on Dec 19th 1865. That was a black thing. I do remember that the South was destroyed. Whites lost everything. The men who returned were destroyed and forced to live as cripples or worse. Remember, there was no VA or social services in 1865. Whites of the South were not educated in black things. Whites had nothing, so the banks like JP Morgan ignored them and dealt with the financially viable blacks (which explains why the very first self made female millionaires were all black women. There were at least 30 self made millionaire women of that time. I explain it better in "Woman's Suffrage Is A Lie").
Now according to Progressive theory (from Darwin) blacks should not have been successful while whites struggled. So what did the progressives do (besides attempt to destroy JP Morgan)? The first thing they did was give land away to any university that would teach the two biggest industries of the US.
In Texas, a group of people decided to take that challenge and they opened up a university. The university was free for white males who were to young to grow a beard and who had to go to the military after they graduated. The school only taught one of the subjects needed to compete with blacks due to the lack of interest in whites learning both subjects. That school in Texas is known today as Texas A&M.
Texas A&M was founded in 1876. The A & M represented the two biggest industries in the US. At that time, it was agriculture and mechanical (engineering). Texas A & M could only get less than 50 kids to join that school which taught zero subjects on the sciences of agriculture.
Think about it, how can 50 inexperienced white boys go against hundreds of thousands of highly educated blacks in the field of agriculture and mechanical? They didn't. Whites in the South were failing miserably and couldn't compete.
The Progressives took blacks to court and lost in the late 1890's (after Texas A&M failed and Florida A&M got all the students which included whites). The Supreme Court basically said that blacks were not a monopoly and the Sherman Antitrust Act does not apply to blacks in agriculture or mechanical engineering. (Come on now, we all know the last white to touch a cotton gin was Eli Whitney.)
Since the Progressives lost in court, the Progressive politicians and atheists schemed (like all racists do when they lose on merit) on how to destroy (blacks and the Christians that helped start the mess of freeing them there negros.). Woodrow Wilson began to rise in power and started blaming blacks for all the ills of their time. Exactly how Darwin wrote in his books (see previous quotes from Progressive Ideology = Racism)
In the beginning of Wilson's Progressive rise, no one really cared outside of Princeton, Harvard and Yale about Darwin's theory of Progressive ideology. It wasn't until Madame CJ Walker (1st US female self made millionaire who just happens to be black) started buying cars, buildings and influencing other politicians did a mass swell of whites see this as a threat. So, a good majority of whites became Progressives.
In 1912, left leaning Progressives were called Democrats and right leaning Progressives left the Republican party to start the Progressive Party. To be a Progressive (right or left) you just had to be a racist. The racists, who leaned right, helped get Wilson elected by splitting the "right" vote.
Long story short, the racism of the early 1900's ,which seen black success, is the exact same racism which sees black failure today. The difference today from then is blacks are now more Progressive than whites. From the welfare state to black-on-black crime, blacks love being Progressive more than their white counterparts. Blacks love being Progressive so much they spell Quanza with a capital KKK while spitting on December 19, 1865.