Cover image for Capitalism & slavery
Title:
Capitalism & slavery
Author:
Williams, Eric Eustace, 1911-1981.
Publication Information:
Chapel Hill : University of North Carolina Press, [1994]

©1994
Physical Description:
xxii, 285 pages ; 23 cm
General Note:
Originally published: 1944.
Language:
English
ISBN:
9780807821756

9780807844885
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Central Library HC254.5 .W5 1994 Adult Non-Fiction Central Closed Stacks
Searching...

On Order

Summary

Summary

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.


Google Preview