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Thomas Jefferson Randolph
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This chapter reveals the strategies that Thomas Jefferson Randolph employed to discharge the $107,000 debt inherited from his grandfather, Thomas Jefferson, in 1826. This massive debt threatened Randolph’s status as an independent and equal member of the Virginia elite. In the 1820s and 1830s, Randolph tried to monetize Jefferson’s legacy and launch his own career in state politics. He sold an edition of his grandfather’s letters as well as the Monticello mansion and surrounding lands but failed to generate a significant profit. Desperate for income, Randolph deployed a new strategy in the 1840s—monetizing African Americans. As an investor in and contractor for the railroad, Randolph generated enormous returns from leasing enslaved men and boys to work on various infrastructure projects, enabling him to pay off his debts and secure his family’s wealth and status.
Title: Thomas Jefferson Randolph
Description:
This chapter reveals the strategies that Thomas Jefferson Randolph employed to discharge the $107,000 debt inherited from his grandfather, Thomas Jefferson, in 1826.
This massive debt threatened Randolph’s status as an independent and equal member of the Virginia elite.
In the 1820s and 1830s, Randolph tried to monetize Jefferson’s legacy and launch his own career in state politics.
He sold an edition of his grandfather’s letters as well as the Monticello mansion and surrounding lands but failed to generate a significant profit.
Desperate for income, Randolph deployed a new strategy in the 1840s—monetizing African Americans.
As an investor in and contractor for the railroad, Randolph generated enormous returns from leasing enslaved men and boys to work on various infrastructure projects, enabling him to pay off his debts and secure his family’s wealth and status.
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