Capitalism and Slavery
Capitalism and Slavery

Author: Eric Williams

Publisher: UNC Press Books

Published: 2014-06-30

Total Pages: 308

ISBN-13: 1469619490

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Slavery helped finance the Industrial Revolution in England. Plantation owners, shipbuilders, and merchants connected with the slave trade accumulated vast fortunes that established banks and heavy industry in Europe and expanded the reach of capitalism worldwide. Eric Williams advanced these powerful ideas in Capitalism and Slavery, published in 1944. Years ahead of its time, his profound critique became the foundation for studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established the centrality of the African slave trade in European economic development. He also showed that mature industrial capitalism in turn helped destroy the slave system. Establishing the exploitation of commercial capitalism and its link to racial attitudes, Williams employed a historicist vision that set the tone for future studies. In a new introduction, Colin Palmer assesses the lasting impact of Williams's groundbreaking work and analyzes the heated scholarly debates it generated when it first appeared.

Between Slavery and Capitalism
Between Slavery and Capitalism

Author: Martin Ruef

Publisher: Princeton University Press

Published: 2016-12-13

Total Pages: 303

ISBN-13: 0691173591

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"At the center of the upheavals brought by emancipation in the American South was the economic and social transition from slavery to modern capitalism. In Between Slavery and Capitalism, Martin Ruef examines how this institutional change affected individuals, organizations, and communities in the late nineteenth century, as blacks and whites alike learned to navigate the shoals between two different economic worlds ... In the aftermath of the Civil War, uncertainty was a pervasive feature of life in the South, affecting the economic behavior and social status of former slaves, Freedmen's Bureau agents, planters, merchants, and politicians, among others. Emancipation brought fundamental questions: How should emancipated slaves be reimbursed in wage contracts? What occupations and class positions would be open to blacks and whites? What forms of agricultural tenure could persist? And what paths to economic growth would be viable? To understand the escalating uncertainty of the postbellum era, Ruef draws on a wide range of qualitative and quantitative data, including several thousand interviews with former slaves, letters, labor contracts, memoirs, survey responses, census records, and credit reports. Through a resolutely comparative approach, Between Slavery and Capitalism identifies profound changes between the economic institutions of the Old and New South and sheds new light on how the legacy of emancipation continues to affect political discourse and race and class relations today."--Publisher's Web site.

Slavery's Capitalism
Slavery's Capitalism

Author: Sven Beckert

Publisher: University of Pennsylvania Press

Published: 2016-07-28

Total Pages: 417

ISBN-13: 0812293096

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During the nineteenth century, the United States entered the ranks of the world's most advanced and dynamic economies. At the same time, the nation sustained an expansive and brutal system of human bondage. This was no mere coincidence. Slavery's Capitalism argues for slavery's centrality to the emergence of American capitalism in the decades between the Revolution and the Civil War. According to editors Sven Beckert and Seth Rockman, the issue is not whether slavery itself was or was not capitalist but, rather, the impossibility of understanding the nation's spectacular pattern of economic development without situating slavery front and center. American capitalism—renowned for its celebration of market competition, private property, and the self-made man—has its origins in an American slavery predicated on the abhorrent notion that human beings could be legally owned and compelled to work under force of violence. Drawing on the expertise of sixteen scholars who are at the forefront of rewriting the history of American economic development, Slavery's Capitalism identifies slavery as the primary force driving key innovations in entrepreneurship, finance, accounting, management, and political economy that are too often attributed to the so-called free market. Approaching the study of slavery as the originating catalyst for the Industrial Revolution and modern capitalism casts new light on American credit markets, practices of offshore investment, and understandings of human capital. Rather than seeing slavery as outside the institutional structures of capitalism, the essayists recover slavery's importance to the American economic past and prompt enduring questions about the relationship of market freedom to human freedom. Contributors: Edward E. Baptist, Sven Beckert, Daina Ramey Berry, Kathryn Boodry, Alfred L. Brophy, Stephen Chambers, Eric Kimball, John Majewski, Bonnie Martin, Seth Rockman, Daniel B. Rood, Caitlin Rosenthal, Joshua D. Rothman, Calvin Schermerhorn, Andrew Shankman, Craig Steven Wilder.

The Business of Slavery and the Rise of American Capitalism, 1815-1860
The Business of Slavery and the Rise of American Capitalism, 1815-1860

Author: Jack Lawrence Schermerhorn

Publisher: Yale University Press

Published: 2015-01-01

Total Pages: 351

ISBN-13: 0300192002

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"Focuses on networks of people, information, conveyances, and other resources and technologies that moved slave-based products from suppliers to buyers and users." (page 3) The book examines the credit and financial systems that grew up around trade in slaves and products made by slaves.

The Half Has Never Been Told
The Half Has Never Been Told

Author: Edward E Baptist

Publisher: Basic Books

Published: 2016-10-25

Total Pages: 558

ISBN-13: 0465097685

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A groundbreaking history demonstrating that America's economic supremacy was built on the backs of enslaved people Winner of the 2015 Avery O. Craven Prize from the Organization of American Historians Winner of the 2015 Sidney Hillman Prize Americans tend to cast slavery as a pre-modern institution -- the nation's original sin, perhaps, but isolated in time and divorced from America's later success. But to do so robs the millions who suffered in bondage of their full legacy. As historian Edward E. Baptist reveals in The Half Has Never Been Told, the expansion of slavery in the first eight decades after American independence drove the evolution and modernization of the United States. In the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a continental cotton empire, and the United States grew into a modern, industrial, and capitalist economy. Told through the intimate testimonies of survivors of slavery, plantation records, newspapers, as well as the words of politicians and entrepreneurs, The Half Has Never Been Told offers a radical new interpretation of American history.

British Capitalism and Caribbean Slavery
British Capitalism and Caribbean Slavery

Author: Barbara Lewis Solow

Publisher: Cambridge University Press

Published: 2004-07-08

Total Pages: 360

ISBN-13: 9780521533201

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The proceedings of a conference on Caribbean slavery and British capitalism are recorded in this volume. Convened in 1984, the conference considered the scholarship of Eric Williams & his legacy in this field of historical research.

Reckoning with Slavery
Reckoning with Slavery

Author: Jennifer L. Morgan

Publisher: Duke University Press

Published: 2021-04-26

Total Pages: 211

ISBN-13: 1478021454

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In Reckoning with Slavery Jennifer L. Morgan draws on the lived experiences of enslaved African women in the sixteenth and seventeenth centuries to reveal the contours of early modern notions of trade, race, and commodification in the Black Atlantic. From capture to transport to sale to childbirth, these women were demographically counted as commodities during the Middle Passage, vulnerable to rape, separated from their kin at slave markets, and subject to laws that enslaved their children upon birth. In this way, they were central to the binding of reproductive labor with kinship, racial hierarchy, and the economics of slavery. Throughout this groundbreaking study, Morgan demonstrates that the development of Western notions of value and race occurred simultaneously. In so doing, she illustrates how racial capitalism denied the enslaved their kinship and affective ties while simultaneously relying on kinship to reproduce and enforce slavery through enslaved female bodies.

Slavery, Capitalism, and Politics in the Antebellum Republic: Volume 1, Commerce and Compromise, 1820-1850
Slavery, Capitalism, and Politics in the Antebellum Republic: Volume 1, Commerce and Compromise, 1820-1850

Author: John Ashworth

Publisher: Cambridge University Press

Published: 1995

Total Pages: 536

ISBN-13: 0521474876

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The Civil War should be seen as America's 'bourgeois revolution'. So argues Dr John Ashworth in this novel reinterpretation, from a Marxist perspective, of American political and economic development in the forty years before the Civil War. This book, the first of a two-volume treatment of slavery, capitalism and politics, locates the political struggles of the antebellum period in the international context of the dismantling of unfree labor systems. With its sequel, the volume will demonstrate that the conflict resulted from differences between capitalist and slave modes of production. With a careful synthesis of existing scholarship on the economics of slavery, the origins of abolitionism, the proslavery argument and the second party system, Ashworth maintains that the origins of the American Civil War are best understood in terms derived from Marxism.

From Slavery to Agrarian Capitalism in the Cotton Plantation South
From Slavery to Agrarian Capitalism in the Cotton Plantation South

Author: Joseph P. Reidy

Publisher: Univ of North Carolina Press

Published: 1992

Total Pages: 384

ISBN-13: 9780807845523

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Reidy has produced one of the most thoughtful treatments to date of a critical moment in southern history, placing the social transformation of the South in the context of 'the age of capital' and the changes in the markets, ideologies, etc. of the Atlantic world system. Better than anyone perhaps, Reidy has elaborated both the large and small narratives of this development, connecting global forces with the initiatives and reactions of ordinary southerners, black and white. Thomas C. Holt, University of Chicago Joseph Reidy's detailed analysis of social and economic developments in central Georgia during and after slavery will take its place among the standard works on these subjects. Its discussions of the expansion of the cotton kingdom and of the changes after emancipation make it necessary reading for all concerned with southern and African-American history. Stanley Engerman, University of Rochester Successfully places the experience of one region's people into the larger theoretical context of world capitalist development and in the process challenges other scholars to do the same. Rural Sociology

Not Made by Slaves
Not Made by Slaves

Author: Bronwen Everill

Publisher: Harvard University Press

Published: 2020-09-01

Total Pages: 329

ISBN-13: 0674240987

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How abolitionist businesses marshaled intense moral outrage over slavery to shape a new ethics of international commerce. “East India Sugar Not Made By Slaves.” With these words on a sugar bowl, consumers of the early nineteenth century declared their power to change the global economy. Bronwen Everill examines how abolitionists from Europe to the United States to West Africa used new ideas of supply and demand, consumer credit, and branding to shape an argument for ethical capitalism. Everill focuses on the everyday economy of the Atlantic world. Antislavery affected business operations, as companies in West Africa, including the British firm Macaulay & Babington and the American partnership of Brown & Ives, developed new tactics in order to make “legitimate” commerce pay. Everill explores how the dilemmas of conducting ethical commerce reshaped the larger moral discourse surrounding production and consumption, influencing how slavery and freedom came to be defined in the market economy. But ethical commerce was not without its ironies; the search for supplies of goods “not made by slaves”—including East India sugar—expanded the reach of colonial empires in the relentless pursuit of cheap but “free” labor. Not Made by Slaves illuminates the early years of global consumer society, while placing the politics of antislavery firmly in the history of capitalism. It is also a stark reminder that the struggle to ensure fair trade and labor conditions continues.