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Capitalism and Slavery

Capitalism and Slavery - rev edition

ISBN13: 978-0807844885

Cover of Capitalism and Slavery  REV 94 (ISBN 978-0807844885)
ISBN13: 978-0807844885
ISBN10: 0807844888
Cover type: Paperback
Edition/Copyright: REV 94
Publisher: Chapel Hill
Published: 1994
International: No
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Capitalism and Slavery - REV 94 edition

ISBN13: 978-0807844885

Eric Williams

ISBN13: 978-0807844885
ISBN10: 0807844888
Cover type: Paperback
Edition/Copyright: REV 94
Publisher: Chapel Hill

Published: 1994
International: No
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.

Author Bio

Williams, Eric :

Eric Williams was a professor of political science at Howard University.

Palmer, Colin A. : University of North Carolina

Colin A. Palmer is William Rand Kenan, Jr., Professor of History at the University of North Carolina at Chapel Hill.

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