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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 the influential and widely debated Capitalism and Slavery, published in 1944 and based on his previously unavailable dissertation, now available in book form for the first time. Williams's profound critique became the foundation for studies of imperialism and economic development. Establishing the exploitation of commercial capitalism and its link to racial attitudes, Williams employed a historicist vision that has set the tone for an entire field. The significant differences between his two works allows us to reconsider questions that have lost none of their urgency; indeed, whose importance has increased.
|Publication date:||7th February 2014|
|Author:||Eric Williams, William, Jr. Darity|
|Publisher:||Rowman & Littlefield Publishers an imprint of Rowman & Littlefield|
|Categories:||Slavery & abolition of slavery, Modern history to 20th century: c 1700 to c 1900, Economic history,|
Eric Williams was the most prominent intellectual from the English-speaking Caribbean in the twentieth century. He was a leader of West Indian independence and the prime minister of Trinidad and Tobago from 1955 to 1981. His groundbreaking book, Capitalism and Slavery, was first published in 1944 and most recently reissued in 1994. Dale W. Tomich is professor of sociology and history at Binghamton University, State University of New York, and deputy director of the Fernand Braudel Center. William Darity Jr. is Arts and Sciences Professor of Public Policy, African and African American Studies, and Economics at Duke University.More About Eric Williams, William, Jr. Darity