Capitalism and Slavery, Third Edition: Edition 3
Mar 2021 · UNC Press Books
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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.
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.
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.
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 pow...
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1 review
David Danzell
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March 24, 2022
This book teaches me alot about how to live in this political world 🌎 read this book an you will understand what I mean
About the author
Eric Williams (1911-1981) served as the first prime minister of independent Trinidad and Tobago beginning in 1962 until his death. The author of many books, Williams was a professor of social and political science at Howard University prior to entering politics.
Eric Williams (1911-1981) served as the first prime minister of independent Trinidad and Tobago beginning in 1962 until his death. The author of many books, Williams was a professor of social and political science at Howard University prior to entering politics.
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