Between Slavery And Capitalism

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.

"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.

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.

"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.

Climate Chaos provides readers the latest consensus among international scientists on the cascading impacts of climate change and the tipping points that today threaten to irreversibly destroy the delicate balance of the Earth’s ecosystems. The book argues that deregulation and an expansion of fossil fuel extraction have already tipped the planet towards a climate that is out of control. This crisis will cause massive human suffering when extreme weather, pollution and disease lead to displacement, food and water shortages, war, and possibly species extinction. The repression of science creates an existential crisis for humanity that has reached crisis proportions in the twentieth-first century. The scale of the crisis has prompted a call for geoengineering, large interventions into the climate by technological innovation. However, the history of colonialism and slavery make the technological and monetary elites untrustworthy to solve this humanitarian and planetary crisis. While the elites have always cast certain groups of humanity as expendable, the climate crisis makes a true humanist and egalitarian movement based in human rights and dignity not only aspirational but also existentially mandatory. The crisis demands that we remake the world into a more just and safe place for all the world’s people.

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.

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.

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.

In this thoughtful book, Dale W. Tomich explores the contested relationship between slavery and capitalism. Tracing slavery's integral role in the formation of a capitalist world economy, he reinterprets the development of the world economy through the "prism of slavery." Through a sustained critique of Marxism, world-systems theory, and new economic history, Tomich develops an original conceptual framework for answering theoretical and historical questions about the nexus between slavery and the world economy. The author explores how particular slave systems were affected by their integration into the world market, the international division of labor, and the interstate system. He further examines the ways that the particular "local" histories of such slave regimes illuminate processes of world economic change. His deft use of specific New World examples of slave production as local sites of global transformation highlights the influence of specific geographies and local agency in shaping different slave zones. Tomich's cogent analysis of the struggles over the organization of work and labor discipline in the French West Indian colony of Martinique vividly illustrates the ways that day-to-day resistance altered the relationship between master and slave, precipitated crises in sugar cultivation, and created the local conditions for the transition to a post-slavery economy and society.

The United States has long epitomized capitalism. From its enterprising shopkeepers, wildcat banks, violent slave plantations, huge industrial working class, and raucous commodities trade to its world-spanning multinationals, its massive factories, and the centripetal power of New York in the world of finance, America has come to symbolize capitalism for two centuries and more. But an understanding of the history of American capitalism is as elusive as it is urgent. What does it mean to make capitalism a subject of historical inquiry? What is its potential across multiple disciplines, alongside different methodologies, and in a range of geographic and chronological settings? And how does a focus on capitalism change our understanding of American history? American Capitalism presents a sampling of cutting-edge research from prominent scholars. These broad-minded and rigorous essays venture new angles on finance, debt, and credit; women’s rights; slavery and political economy; the racialization of capitalism; labor beyond industrial wage workers; and the production of knowledge, including the idea of the economy, among other topics. Together, the essays suggest emerging themes in the field: a fascination with capitalism as it is made by political authority, how it is claimed and contested by participants, how it spreads across the globe, and how it can be reconceptualized without being universalized. A major statement for a wide-open field, this book demonstrates the breadth and scope of the work that the history of capitalism can provoke.