Capitalism And Slavery

For over 2,000 years, slavery has been conducted in various parts of the world. From year 1500 to year 1900, Europeans stole individuals from West Africa, West Central Africa, and Southeast Africa and shipped them to the different parts of the Atlantic. This process dehumanized them of their identity. Europeans stole husbands, wives, merchants, blacksmiths, farmers, and even children. They removed them from their homelands and gave them new names: slaves. European slaveholders never thought to take ownership of their actions by killing humans with brutality and degradation. Slave trade was considered popular in England and soon after more countries began the process of taking slaves to newly claimed territories. These countries include

Capitalism was the sole purpose for being the cause of an exponential use of slaves in all aspects of production. Notably, it involved an economic system whose basis originates from private ownership of all the means of production as well as the production of goods and services majorly meant for profit. With characteristics such as accumulation of capital, labor, private property ownership, and competitive market. Therefore, there was a great need for means of production hence slavery. However, there is a close relationship between free and slave labor as used in production. The paper uses “Capitalism and Slavery” (William, 1961) as a primary source material to compare the profitability of free labor and slave labor through an in-depth discussion of the role the African slavery played in the development of capitalism in the New World. Free labor and slave labor both have profits in the production process and would be applied differently at various places. For instance, slave labor was profitable in activities in which little skills and versatility in production process were required. It is worth noting that, the use of slave labor to cultivate a fresh soil is more profitable than the use of free men in the cultivation of an exhausted land. However, the use of slave labor was the option at the earlier stages of development of colonies, although slaved labor was unskillful, given reluctantly, and lacks versatility (Eltis, 2000). Moreover, use of slave labor were not moral but

Was slavery an economic engine for the Southern economy before the Civil War? Men like Senator and businessman James Henry Hammond would say yes immediately without a second thought. People like Hammond believed that slavery in these times were critical to the growth of the southern economy. They made points such as that agricultural sales were a main percentage of business in the south and with the large area of fertile land that slave ownership was a necessary evil. Along with those, the decades preceding the civil war, the north began to industrialize, which in turn created a large demand for cotton, which was heavily supported by slavery. Not only was slavery a supporting crutch for the immense cotton market, but also slave trade proved to be a highly profitable market of his own. Finally, from the perspective of a plantation owner as a business enterprise, owning slaves proved to be most effective by implementing business strategies, much like Henry James Hammond’s. Without slavery, small planters would have been unable to make a steadfast profit, leaving the cotton industry to rely on large plantation owners who would mainly invest their fortune in British luxurious imports, instead of diversifying and reinvesting in schooling or infrastructure. I personally believe that James Henry Hammond and others were correct, with exception to my ethical beliefs, that slavery was a key factor in the growth and preservation of

Slavery was a central institution in American society during the late eighteenth century, and was accepted as normal and applauded as a positive thing by many white Americans. In the 1770’s, there were approximately 400,000 blacks in the Southern colonies and 50,000 in the Northern colonies. Slaves were central to the operation of the colonies, especially in the South where they were a crucial element of the labour force. They were treated as inferiors, but living alongside whites, and essential as an exploited labouring class. On one hand, people were advocating liberty from slavery, while at the same time relying on slaves to drive the economy.

In James Oakes book, Slavery and Freedom: An Interpretation of the Old South, talks about the relationships between slaves and master liberal capitalism in southern United States during the nineteenth century. Slaves was a name given to blacks because of their color and their freedom once taking away. Freedom and unfreedom are experienced most by human relationship between men and women. The relationship which they produce was to survive and live on to reproduce. Therefore work and society was largely shaped by how people organize their lives.

"Capitalism & Slavery," (published by The University of North Carolina Press, 1994) was written by Eric Eustace Williams and first published in 1944. Eric Williams' book, was at the time of its publication, considered years ahead of its time. It should be noted, early on within this report that, literary works on the history of the Caribbean or slavery for a matter of fact, was done by Europeans. In the preface of his book, Williams clearly asserts that his work, "is not a study of the institution of slavery but of the contribution of slavery to the development of British capitalism."1 His work takes an economic view of history, which is at the

Slavery in the United States is a one sided story. In The Half that has Never Been Told by Edward Baptist, slavery’s other half is exposed. Slavery formed the United States into an economic powerhouse. Analysis of various chapters throughout the novel reveal this. But chapter three, “Right Hand”, and chapter nine, “Backs”, best support Baptist’s idea. Chapters three and nine most effectively show how the powerful United States economy was built on the backs of slaves and by their own hands.

The institution of slavery dates back before written records. The term slave was originally a derivative from the historical French and Latin medieval word for Slavic people of central and Eastern Europe. [ (wikipedia, 2010) ] In North America, the class system is systematically at the root of every socioeconomic and political issue resulting in Super companies, multibillionaires and the formation of lobbyists and special interest groups; there always has and always will be the have and have-nots. Unfortunately, for African Americans who have historically been the have-nots, that does not seem to have changed as evidenced by recent events like the Jenna 6. African Americans have a history uniquely

Slavery lives on all era in world history till lately, but its life has not constantly had the similar economic trait. Two questions ought to be answered to properly examine any definite cause of slavery: (1) what further systems of labor live in the civilization also to slavery? And (2) what system of labor is leading? In this manner we can make a difference among ancient slavery (e.g., in Greece and Egypt where free farmers live together with slaves, but slavery was leading) and antebellum slavery in the United States (which live together with free farmers, but was conquered by the industrially-based capitalism of the urban North). The past dominance of capitalism in the United States made antebellum slavery the most uncivilized system of slave work. Not

Like many others demoralized cultures during the Atlantic Slave trade period, Africans fell victim to the sixteenth century discovery of Columbus' so called "New World." Europeans used the Atlantic Slave Trade to capitalize on Columbus' so called "Discovery." For more than three centuries, the regions of Africa were in a state of destabilization. More than thirty million Africans were taken out of Africa and put in the Americas and surrounding countries.

This paper will question the relationship between Slavery and Capitalism, and the extent to how dependent Capitalism was on slavery. Chattel slavery first arrived to America in 1619 and from there the business just kept on growing. It leads to the invention of the cotton gin and helped push forward the young country into the developed powerful nation it is now. This can be gained from the readings from Bailyn, Beverly, the Declaration of Independence, and other works that show not only how profitable slavery was, but also how important it was to the development of America as a country.

In order to talk about the abolition of slavery it is necessary to know the meaning of slavery and abolition. According to Dictionary.com the word “Slave means: a person entirely under the domination of some influence or person and abolition means: “the legal prohibition and ending of slavery, especially of slavery of blacks in the U.S.” Now that both words were defined we can begin. “It is said that the first African slaves were brought to the United States near the English Colony back in 1619 to Jamestown, Virginia by some Dutch traders. If we were to discuss the origins of slavery we would have to start not in the United States, but we would have to shift gears to Brazil were they were the biggest slaves traders of all times” according to History.net

Even though the slavery was introduced in the early 1600s, it had no doubt that the abolitionist inaugurated the movements about the slavery actively from early 1850s. The slavery became the essential part of industry in the South more than in the North because of the large plantations and slave trades. So in the Southerners’ perspective, the slave flourished the businesses with their inexpensive labor forces in order to profit; they argued slaves were by and large a culturally inferior, child-like people who were treated well by whites and thus content with their status in life. However, Uncle Tom’s Cabin described the slavery as an evil institution that must be abolished accurately from the historians today.

Slavery went through many changes during the course of the Industrial Revolution. At the beginning of the Industrial Revolution, slavery on plantations that had developed in the Renaissance continued to grow in the Americas. With the success of the plantations in America, what is known as the triangular trade began to form, and this trade majorly affected the world’s economies and

"Capitalism & Slavery," (published by The University of North Carolina Press, 1994) was written by Eric Eustace Williams and first published in 1944. Eric Williams ' book, was at the time of its publication, considered years ahead of its time. It should be noted, early on within this report that, literary works on the history of the Caribbean or slavery for a matter of fact, was done by Europeans. In the preface of his book, Williams clearly asserts that his work, "is not a study of the institution of slavery but of the contribution of slavery to the development of British capitalism."1 His work takes an economic view of history, which is at the core of his arguments and thus essential to understanding how his arguments and ideas are ultimately formulated. The author himself sums it up best, when he clearly states that his work is, "first a study in English economic history and second in West Indian and Negro history.2 His main thesis is that, "the commercial capitalism of the eighteenth century was built up on slavery and monopoly, while the Industrial capitalism of the nineteenth century destroyed slavery and monopoly."3