Capitalism And Slavery Third Edition

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.

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. William A. Darity Jr.'s new foreword highlights Williams's insights for a new generation of readers, and Colin Palmer's introduction assesses the lasting impact of Williams's groundbreaking work and analyzes the heated scholarly debates it generated when it first appeared.

The age of British abolitionism came into consolidated strength in 1787-88 with the first mass campaign against the slave trade and ended just half a century later in 1838 with a mass petition movement against Negro Apprenticeship. Drescher focuses on this critical fifty-year period, when the people of the Empire effectively pressured and eventually altered national policy. Presenting a major reassessment of the roots, nature, and significance of Britain's successful struggle against slavery, he illuminates a novel turn in the history of antislavery, when for the first time, the most effective agents in the abolition process were non-slave masses, including working men and women. This not only set Britain off from ancient Rome, medieval western Europe, and early modern Russia, but, in scale and duration, it distinguished Britain from its 19th-century continental European counterparts as well. Viewing British abolitionism against the backdrop of larger national and international events, this provocative study challenges readers to look anew at the politics of slavery and social change in a prominent era of British history.

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 question of the impact of slavery has gained new importance in debates on the history of economic development, capitalism and inequality. This edited volume explores how Atlantic slaved-based economic activities and their spin-offs have contributed to the economic development of Europe. The contributions to this volume each provide new data and methods for assessing the impact of Atlantic slavery, the slave trade and slave-related economic activities on Europe’s economic development. It traces this impact across Europe, from maritime and colonizing regions to landlocked regions, of which, the ties to the Atlantic slavery complex might seem less obvious at first glance. Together the studies of this volume indicate that slavery and colonialism played a pivotal role in the rise of Europe and globally diverging economic fortunes. The chapters in this book were originally published as a special issue of the journal Slavery & Abolition.

From the mid-seventeenth century to the 1830s, successful gentry capitalists created an extensive business empire centered on slavery in the West Indies, but inter-linked with North America, Africa, and Europe. S. D. Smith examines the formation of this British Atlantic World from the perspective of Yorkshire aristocratic families who invested in the West Indies. At the heart of the book lies a case study of the plantation-owning Lascelles and the commercial and cultural network they created with their associates. The Lascelles exhibited high levels of business innovation and were accomplished risk-takers, overcoming daunting obstacles to make fortunes out of the New World. Dr Smith shows how the family raised themselves first to super-merchant status and then to aristocratic pre-eminence. He also explores the tragic consequences for enslaved Africans with chapters devoted to the slave populations and interracial relations. This widely researched book sheds new light on the networks and the culture of imperialism.

In his influential and widely debated Capitalism and Slavery, Eric Williams examined the relation of capitalism and slavery in the British West Indies. Binding an economic view of history with strong moral argument, his 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 has set the tone for an entire field. Williams’s profound critique became the foundation for studies of imperialism and economic development and has been widely debated since the book’s initial publication in 1944. The Economic Aspect of the Abolition of the West Indian Slave Trade and Slavery now makes available in book form for the first time his dissertation, on which Capitalism and Slavery was based. The significant differences between his two works allow us to rethink questions that were considered resolved and to develop fresh problems and hypotheses. It offers the possibility of a much deeper reconsideration of issues that have lost none of their urgency—indeed, whose importance has increased.

"How Capitalism Underdeveloped Black America is one of those paradigm-shifting, life-changing texts that has not lost its currency or relevance—even after three decades. Its provocative treatise on the ravages of late capitalism, state violence, incarceration, and patriarchy on the life chances and struggles of black working-class men and women shaped an entire generation, directing our energies to the terrain of the prison-industrial complex, anti-racist work, labor organizing, alternatives to racial capitalism, and challenging patriarchy—personally and politically."—Robin D. G. Kelley "In this new edition of his classic text . . . Marable can challenge a new generation to find solutions to the problems that constrain the present but not our potential to seek and define a better future."—Henry Louis Gates, Jr. "[A] prescient analysis."—Michael Eric Dyson How Capitalism Underdeveloped Black America is a classic study of the intersection of racism and class in the United States. It has become a standard text for courses in American politics and history, and has been central to the education of thousands of political activists since the 1980s. This edition is prsented with a new foreword by Leith Mullings.