Capitalism and Slavery

Eric Williams

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English

The University of North Carolina Press
14 April 2021

European history; History of the Americas; Slavery & abolition of slavery; Revolutions, uprisings, rebellions; Economics & Business; International economics

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.

By: Eric Williams
Imprint: The University of North Carolina Press
Country of Publication: United States
Edition: 3rd Revised edition
Dimensions: Height: 235mm, Width: 155mm,
Weight: 365g
ISBN: 9781469663685
ISBN 10: 1469663686
Pages: 272
Publication Date: 14 April 2021
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Out of Print

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.

Reviews for Capitalism and Slavery

In 1944 Eric Williams published his classic Capitalism and Slavery which sparked a scholarly conversation that has yet to die down. In many ways, the debates it generated are more vibrant now than ever and promise to be a lasting touchstone for historians well into the future.--Black Perspectivs