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Capitalism and Slavery by Eric Williams

Capitalism and Slavery

by Eric Williams
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Book cover type: Hardcover
  • ISBN13: 9781469663678
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: University of North Carolina Press
  • Publisher Imprint: University of North Carolina Press
  • Publication Date:
  • Pages: 288
  • Original Price: GBP 94.0
  • Language: English
  • Edition: N/A
  • Item Weight: 595 grams
  • BISAC Subject(s): Europe / Great Britain / General, Political Economy, and African American & Black

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.

Darity, William A.: - William A. Darity Jr. is the Samuel DuBois Cook Professor of Public Policy, African and African American Studies, and Economics at Duke University.

Palmer, Colin a.: - Colin A. Palmer was a leading historian of the Caribbean and the African diaspora. He chronicles the history of the Caribbean in the wake of British and U.S. imperialism in the trilogy comprised of Freedom's Children, Cheddi Jagan and the Politics of Power, and Eric Williams and the Making of the Modern Caribbean.

Williams, Eric: - Eric Williams (1911-1981) served as the first prime minister of independent Trinidad and Tobago beginning in 1962 until his death. Prior to entering politics, he was a professor of social and political science at Howard University.

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