The Political Economy Of Slavery

This classic study of antebellum Southern society demonstrates how slavery was the bedrock of the region’s social order and cultural identity. In The Political Economy of Slavery, Eugene Genovese argues that slavery gave the South a distinct class structure, political community, economy, ideology, and a set of psychological patterns. As a result, the South grew away from the rest of the nation and became increasingly unstable during the nineteenth century. The difficulties it faced—economic, political, moral, and ideological—constituted a fundamental antagonism between modern and premodern worlds. Southern slavery was the foundation on which rose a powerful social class which, in turn, dominated Southern society. While they constituted only a tiny portion of the white population, they were powerful enough to largely succeed at building a new—or rather rebuilding an old—civilization.

In this book Professor Roger Ransom examines the economic and political factors that led to the attempt by Southerners to dissolve the Union in 1860, and the equally determined effort of Northerners to preserve it. Ransom argues that the system of capitalist slavery in the South not only "caused" the Civil War by producing tensions that could not be resolved by compromise; it also played a crucial role in the outcome of that war by crippling the southern war effort at the same time that emancipation became a unifying issue for the North. Ransom also carefully examines the impact that four years of war and the emancipation of slaves had both on the defeated South and the victorious North. -- From publisher's description.

This unique volume combines chapters containing a multidisciplinary academic analysis of the causes of the continued existence of contemporary forms of slavery, such as globalization, poverty and migration with empirical chapters on trafficking, domestic migrant workers, bonded labour and child labour in Asia, Latin America and Africa. It provides relevant policy recommendations, such as respect for victims' rights and assesses longer term strategies for change, including Fair Trade, reparations for slavery in the past, the Tobin tax and Development ethics.

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