Black men, the creators of the wealth of the New World, were stripped of all human and civil rights. And this degradation was sanctioned and protected by institutions of government, all for one purpose: to produce commodities for sale at a profit, which in turn would be privately appropriated.

The other thing is that America freed the slaves in 19, I mean, 1863 through the Emancipation Proclamation of Abraham Lincoln, but gave the slaves no land, or nothing in reality as a matter of fact, to get started on.

White America must see that no other ethnic group has been a slave on American soil. That is one thing that other immigrant groups haven't had to face. The other thing is that the color became a stigma. American society made the negro's color a stigma, and that can never be overlooked.

Five score years ago, a great American, in whose symbolic shadow we stand today, signed the Emancipation Proclamation. This momentous decree came as a great beacon light of hope to millions of Negro slaves who had been seared in the flames of withering injustice. It came as a joyous daybreak to end the long night of their captivity. But one hundred years later, we must face the tragic fact that the Negro is still not free.

Since the institution of slavery was so important to the economic development of America, it had a profound impact in shaping the social-political-legal structure of the nation. Land and slaves were the chief forms of private property, property was wealth and the voice of wealth made the law and determined politics.

The American people are infected with racism-that is the peril. Paradoxically, they are also infected with democratic ideals-that is the hope.