Eric Williams Thesis on Capitalism and Slavery and Arguments Made for and Against the Thesis.

Slavery has always been a part of human history. Therefore on cannot talk about when slavery began in North America. Soon after the American colonies were established in North America, slaves were brought in to meet the growing labor need on plantations. Although the importation of slaves continued to grow as new plantations were developed, it was the industrial revolution that would have the most profound impact on the slave industry. The purpose of this essay is to analyze the effect of slavery in the 13 colonies due to the industrial revolution.

The author also explores the profitability of slavery as an institution, as while the tendency of slave owners to keep their capital invested in slaves rather than industry resulted in a lack of economic diversification in the South, it also resulted in great profits during times of high demand for agricultural products. Phillips states that more research is required in this area.

Thesis Statement: The reason slavery was supported is because it made the owners enormous amounts of money, but when it came to freeing them it could only be done by war. If the Slaves succeeded in rebelling against the slave owners others could have been encouraged to change the order of classes.

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 has dependably been the most stunning wonders of our reality. Slavery, independent from anyone else appears to be exceptionally unnatural and incites blended sentiments from the heart of every individual. A few people are relatives of those who used to be slaves years prior. Some confronted "slavery" even in the contemporary times. What 's more, a few people do not comprehend the likelihood of one individual considering another person its slave. Slavery, by definition, is the primary authentic type of misuse, under which a slave alongside various actualizes of generation turns into the private property of the slave proprietor. At the end of the day slavery changes an individual person into a "thing" or even some sort of customer item. These spectacles have done a ton of mischief to millions of individuals, taking without end lives and pulverizing the destiny of the general population who could have been upbeat. It is basic learning that slavery was disposed of with the end of the Civil War. The South was discharged from the load that made the slavery to stop and that began crushing the partialities concerning the color of skin. These days, it is as of now history. Throughout the paper, the topics that will be discussed is a life of a slave on how they were mistreated, the Emancipation Proclamation, and lastly Lincoln most famous speech; The Gettysburg Address”.

Europeans earned a good profit from the sugar trade. In Document “K” by John Campbell he stated that “It is because of the cheapness of the African slave that the British become wealthy”. This shows that all of the money from the sugar, that the European sold, won’t have to go into paying for the slaves but it can go straight into the profit of the sellers. Also in Document “M” by Franklin W. Knight, he wrote that “In year 1712, 6,343 tons of sugar were produced, but in 1792 9,025 tons of sugar were produced”. As a result of that, sugar

Slave trading was a business and “over the four centuries of Atlantic slavery, millions of Africans and their descendants were turned into profits.” (Johnson) The Atlantic trade was highly depended on by slave owners as the life expectancy of a slave working in the sugar cane plantations was about seven years in the Caribbean. Due to the use of slave labor by the 18th century surplus capital was being invested in European industry.

Everybody has something they feel that makes their lives easier, something a person becomes so accustomed to they could not live without it. This is what African slaves were to the Southern colonists. Slavery was a huge factor in the Southerner’s lives. Originally the colonists used indentured servants to work in their homes and on their plantations. This situation was not ideal because the Southern farmers wanted more control over their workers (orange). Virginian farmers heard about the success of slavery in the Caribbean and thought it would be a good solution to their problems (blue). The southern colonists had a very different way of earning a living than in the north. They needed people to work through “the harsh realities of a

"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

So many people wanted slaves, especially in the South. They had more farms than they could handle on their own. Northern owners wanted them because they would have to do less work. Very few owners treated their slaves nicely and paid them to do work around the house. They would not be treated like family but would get treated a whole lot better than your “typical slave.” Those kinds of circumstances occurred more in the Northern states than the Southern states.

In American history, every event and person plays a part in the future. For example, rich plantation owners helped America advance their economy. However, that would not have been at all possible without the help of their slaves. The time and institution of slavery is a time of historical remembrance. It played a primary role during the seventeenth, eighteenth, and nineteenth centuries. The treatment, labor conditions, and personal stories of these slaves’ treatment and labor conditions are all widely discussed around the world to this day.

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.

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

Labor exploitation was the key for the effectiveness of european expansion in the new world and define slavery as a principal component for global capitalism until it was not longer profitable. The atlantic slave trade influence europe economic growth and market development to rapidly spread through the atlantic trade. It was a intense dependence on the triangular trade that made merchants made big profits at the expense of the exploited labour abroad. Merchants were involved in all three sides of the triangle trade that allowed the transportation of slaves from Europe to Africa where goods were traded for slaves and then those slaves were brought to the Americas for the cultivation food crops and other raw materials; these later were brought back to Europe, Africa and the Americas to be sold. Resistance and revolts against the trade of slave was stronger in African areas where european demographic power was lower but “It was not until 1780s that increasing european along the west of africa coast finally drove up the price of slaves” and the overproduction of sugar in the caribbean and other raw materials lead the fall in the selling price of these products (shillington p181) european nations began to question whether the trade was still profitable or not. Britain was the first to completely abolished slavery in 1834 when manufactures found european labor in factories more efficient and less expensive than plantations. It was follow for the french colonies 1848, Cuba in