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Jews Did Not Finance the Slave Trade; Here Is the Proof
Recently, a prominent figure in the Rochester city community named Cynthia Elliott made a statement to a parent group about an important topic.
It was a passionate statement, which this person had clearly thought about, and sought to speak about from the heart. In this statement, Elliott included a reference to the “history of the Jewish nation … financing the slave ships to bring Africans into the Americas.”
The fact that this was mentioned as an aside, with no citation, leaves me to conclude that the author believes this assertion to be both true and well known.
I decided it was worth spending some time to address this disturbing but persistent falsehood.
“The Jewish nation” did not finance the slave trade. First of all, any time you begin a sentence with a phrase like, “the Jews” (or some iteration thereof), I urge any author to proceed with caution. Collective action by a racial or ethnic group, especially one without a centralized governing body, is rare. As such, these statements often devolve into stereotypes or worse.
I won’t assert that no Jewish person was ever involved in the transatlantic slave trade. I don’t know the identities of the many people around the world who colluded to perpetrate this industrial scale violation against Black Africans, and people of African descent.
The implication of the phrase is that Jews were main, motivating financiers (because of course Jews = money) behind this historical atrocity. This is simply not true.
Horrifyingly, as with many of the modern industrial scale crimes against humanity, the perpetrators kept records.
The Dutch West India company, for example, was one of the largest companies involved in the transatlantic slave trade. Their records indicate that 18 of the original stockholders were Jewish, and estimates put the cash value of their investment as high as 1.2% of total investment. The largest single company involved in the transatlantic slave trade, the Royal African Company, despite being headquartered in London where there was a thriving Jewish community, had no Jewish investors for more than 20 years, until finally in 1691, a single Jewish financier purchased some stock.
Furthermore, to the extent that Jewish people were involved in the transatlantic slave trade, it was not only in finance, and not even disproportionately in finance. The fact that only financing is mentioned plays into the stereotype that Jews are always behind the scenes, controlling the money. While the fact that any Jews were involved in the slave trade makes my blood run cold, it can hardly be said to constitute “the Jewish nation … financing the slave ships.”
Why do people think “the Jews” financed the slave trade? Some of the chief proponents of this idea have been Louis Farrakhan and Leonard Jefferies.
The Nation of Islam, under the leadership of Farrakhan, wrote a pseudo-scholarly book entitled, The Secret Relationship Between Blacks and Jews, which is devoted to this topic. This book picks sources to show any Jews who were involved in the slave trade, and then carefully doesn’t mention the scale at which these people were involved — which was a tiny fraction of the whole.
The book leaves out mention of other groups involved in kidnapping, torturing, selling, and owning Black human beings, including indigenous groups in America, Black African leaders, and other ethnic and racial groups. I do not write this to excuse or minimize any involvement by anyone of any race in this horrific crime. My point is that this book takes one of the worst crimes in human history, and pins it on “the Jews” by virtue of the actions of a tiny minority of people involved.
This kind of collective scapegoating is never acceptable or moral. It is hardly surprising however, since Farrakhan is an outspoken antisemite. His list of public antisemitic remarks is too long to list here, but suffice it to say that “termites” is one of the nicer names he has for Jews.
Leonard Jefferies was a professor at the City College of New York, who in 1993 gave a now infamous lecture in which he asserted, among other things, “Everyone knows rich Jews helped finance the slave trade.” When Jefferies gave a version of this lecture at Harvard, and was questioned by a student regarding historical records that do not show Jewish ownership or control in the companies who engaged in enslaving Black people for profit, he replied that the investments were “secret.”
Because these allegations align with pre-existing antisemitic tropes about Jews (that Jews are secretly controlling everything), they reinforce what many people already believe. This makes them memorable, and credible to people who are exposed to them. It also means that people are inclined to accept them, regardless of the lack of evidence.
The myth of Jewish control of the slave trade is one of several that foment the divide between non-Jewish Black communities, and non-Black Jewish communities. These two communities have historically stood together in the fight for civil rights, but also experienced increasing tension as Jews became coded “white” in American society, and benefited from some programs and opportunities that excluded Black Americans (though many excluded Jews also).
Today, white supremacy is the language we use to describe unjust, unearned power. In this conception, Jews (being all powerful) must be the agents of white supremacy, even though antisemites don’t consider Jews “white.”
I’m not sure what to say to someone who wholeheartedly believes “the Jews” financed the slave trade. I don’t know if we have a shared frame of reference from which to understand each other. I do not believe this community leader wrote these words with hate. This is simply their understanding of the world. This person lives in a world where an assertion like this makes so much sense, that it doesn’t need to be proven or justified. And my main question is: how do we find healing and justice when these libels persist in our education?
Lauren Deutsch, Esq., is an attorney, activist, and Torah scholar, living in Rochester New York, with her husband and three children. Lauren worked in migrant women’s health services prior to law school, and began her legal career representing survivors of domestic violence at The Legal Aid Society of Rochester in 2010. She has worked in reproductive justice, labor justice, and currently works in disability justice as the Executive Director of a national legal services organization.
The post Jews Did Not Finance the Slave Trade; Here Is the Proof first appeared on Algemeiner.com.
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After False Dawns, Gazans Hope Trump Will Force End to Two-Year-Old War

Palestinians walk past a residential building destroyed in previous Israeli strikes, after Hamas agreed to release hostages and accept some other terms in a US plan to end the war, in Nuseirat, central Gaza Strip October 4, 2025. Photo: REUTERS/Mahmoud Issa
Exhausted Palestinians in Gaza clung to hopes on Saturday that US President Donald Trump would keep up pressure on Israel to end a two-year-old war that has killed tens of thousands and displaced the entire population of more than two million.
Hamas’ declaration that it was ready to hand over hostages and accept some terms of Trump’s plan to end the conflict while calling for more talks on several key issues was greeted with relief in the enclave, where most homes are now in ruins.
“It’s happy news, it saves those who are still alive,” said 32-year-old Saoud Qarneyta, reacting to Hamas’ response and Trump’s intervention. “This is enough. Houses have been damaged, everything has been damaged, what is left? Nothing.”
GAZAN RESIDENT HOPES ‘WE WILL BE DONE WITH WARS’
Ismail Zayda, 40, a father of three, displaced from a suburb in northern Gaza City where Israel launched a full-scale ground operation last month, said: “We want President Trump to keep pushing for an end to the war, if this chance is lost, it means that Gaza City will be destroyed by Israel and we might not survive.
“Enough, two years of bombardment, death and starvation. Enough,” he told Reuters on a social media chat.
“God willing this will be the last war. We will hopefully be done with the wars,” said 59-year-old Ali Ahmad, speaking in one of the tented camps where most Palestinians now live.
“We urge all sides not to backtrack. Every day of delay costs lives in Gaza, it is not just time wasted, lives get wasted too,” said Tamer Al-Burai, a Gaza City businessman displaced with members of his family in central Gaza Strip.
After two previous ceasefires — one near the start of the war and another earlier this year — lasted only a few weeks, he said; “I am very optimistic this time, maybe Trump’s seeking to be remembered as a man of peace, will bring us real peace this time.”
RESIDENT WORRIES THAT NETANYAHU WILL ‘SABOTAGE’ DEAL
Some voiced hopes of returning to their homes, but the Israeli military issued a fresh warning to Gazans on Saturday to stay out of Gaza City, describing it as a “dangerous combat zone.”
Gazans have faced previous false dawns during the past two years, when Trump and others declared at several points during on-off negotiations between Hamas, Israel and Arab and US mediators that a deal was close, only for war to rage on.
“Will it happen? Can we trust Trump? Maybe we trust Trump, but will Netanyahu abide this time? He has always sabotaged everything and continued the war. I hope he ends it now,” said Aya, 31, who was displaced with her family to Deir Al-Balah in the central Gaza Strip.
She added: “Maybe there is a chance the war ends at October 7, two years after it began.”
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Mass Rally in Rome on Fourth Day of Italy’s Pro-Palestinian Protests

A Pro-Palestinian demonstrator waves a Palestinian flag during a national protest for Gaza in Rome, Italy, October 4, 2025. Photo: REUTERS/Claudia Greco
Large crowds assembled in central Rome on Saturday for the fourth straight day of protests in Italy since Israel intercepted an international flotilla trying to deliver aid to Gaza, and detained its activists.
People holding banners and Palestinian flags, chanting “Free Palestine” and other slogans, filed past the Colosseum, taking part in a march that organizers hoped would attract at least 1 million people.
“I’m here with a lot of other friends because I think it is important for us all to mobilize individually,” Francesco Galtieri, a 65-year-old musician from Rome, said. “If we don’t all mobilize, then nothing will change.”
Since Israel started blocking the flotilla late on Wednesday, protests have sprung up across Europe and in other parts of the world, but in Italy they have been a daily occurrence, in multiple cities.
On Friday, unions called a general strike in support of the flotilla, with demonstrations across the country that attracted more than 2 million, according to organizers. The interior ministry estimated attendance at around 400,000.
Italy’s right-wing government has been critical of the protests, with Prime Minister Giorgia Meloni suggesting that people would skip work for Gaza just as an excuse for a longer weekend break.
On Saturday, Meloni blamed protesters for insulting graffiti that appeared on a statue of the late Pope John Paul II outside Rome’s main train station, where Pro-Palestinian groups have been holding a protest picket.
“They say they are taking to the streets for peace, but then they insult the memory of a man who was a true defender and builder of peace. A shameful act committed by people blinded by ideology,” she said in a statement.
Israel launched its Gaza offensive after Hamas terrorists staged a cross border attack on October 7, 2023, killing some 1,200 people and taking 251 people hostage.
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Hamas Says It Agrees to Release All Israeli Hostages Under Trump Gaza Plan

Smoke rises during an Israeli military operation in Gaza City, as seen from the central Gaza Strip, October 2, 2025. Photo: REUTERS/Dawoud Abu Alkas
Hamas said on Friday it had agreed to release all Israeli hostages, alive or dead, under the terms of US President Donald Trump’s Gaza proposal, and signaled readiness to immediately enter mediated negotiations to discuss the details.