The Importance Of 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

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

Eugene D. Genovese’s book, The Political Economy of Slavery: Studies in the Economy and Society of the Slave South, challenges the accustomed belief which concluded the immorality of Slavery was the underlying main factor of conflict between the North and the South, partnered with materialistic interests. Instead, he presents the idea which observes the social system and civilization as a whole, identifying its distinct structure and their reasoning behind their disagreeing actions. Drawing upon information from four categories which highlight the main arguments, Genovese is able to convey that the power Slavery gave to holders, dissimilated the appeal of a North bourgeois and industrialist structure and Slavery itself overall, being ineffective

Slavery played a crucial role in financing the Industrial Revolution in Britain. The plantation owners and the merchants linked with the slave trade and slavery and used it to amass vast fortunes that later grew to reach capitalism globally. In 1944, Eric Williams came up with great ideas on capitalism and slavery. According to Eric Williams, the decline of the British West Indies occasioned the

Eric Williams is an important black intellectual who had witnessed documented and analyzed African slavery in America firsthand. His book “Capitalism and Slavery” has created an impact that has a lasting affect even today. His book addresses two theory. The first being that the institution of slavery and the trade flows it endangered were the catalyst of the industrial Revolution. And second was that the British abolition of their Atlantic slave trade in 1807 by being purely motivated by economics, rather than by humanitarianism. Some argued when William said that the slave complex made an insignificant contribution to the English industrialization, while others said that the slavery was so important to the British economy that abolition was an act of “econocide”. Both maybe right or both may be wrong there is no straight answer for that.

1. According to the reading, why was slavery such an important part of the American economy at the time?

"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

Freedom or liberty, a term often used interchangeably, generally meaning exemption from control, is arguably the most fundamental right that American’s identify with, both as individuals and as a society. It is most notably rooted in American history and politics, and is often the justification for political decisions and beliefs, even still today (such as war, “operation Iraqi Freedom”). Historical documents such as the Declaration of Independence and the Constitution and even newer political documents, all reference freedom or liberty, defining their purposes and intentions. Furthermore, the American person tends to love representing their idea of freedom by showing their patriotism and by partaking in patriotic landscape design (liberty

In modern society, people often try for minority groups to feel equal to majorities, however, when slavery existed, blacks were undermined and denied many freedoms entitled to them under the Constitution. There were many topics argued about, but slavery caused the most dispute within the country. In the 1850’s, the pro-slavery South and the anti-slavery North collided when the case of Dred Scott, a black slave who attempted to gain liberation, was brought to court. The North and South had vastly different views on the subject of slavery, Scott had resided in the free state of Illinois with his master, illegally, after being taken from the slave state of Missouri. His residency in Illinois, which was a free state, automatically nullified

Slavery during the civil war was very important due to its popular demand in slaveholding states, particularly in the southern states. The main cause of the war was slavery because of the south fear of the union abolishing slavery which was very influential to their economy. The war would decide if the confederate states would be able to keep enforcing slavery or the union would abolish it. Abraham Lincoln issued the emancipation proclamation which was an executive order that declared “By January 1, 1863, that all slaves, in southern states would be freed in every territory in the United States.” Every state would be affected due to this executive order on how they feel about slaves being freed and coming to live in their area.

Every since the start of slavery, in 1619 and all the way up until now 2016, people have been socially, religiously, and sexually profiled by their race. It could be something just as simple as where they come from, how they talk, their beliefs, or the color of their skin. We all are very aware of the history of slavery and how things went on in that time. I was far more horrific and blood-curdling back then. Unlike today protesting, rallying, and fight back was not an option back then, of course some stood up for what they believed in those were the boldest. Those who dared to challenge the authorities were the bravest, those who sat back at waited for a change were the patient.

The film “Slavery and The Making Of America” covered the beginning of American slavery in the British colonies until the end of slavery in the southern states and post-civil war reconstruction. This film shows viewers remarkable stories of individual slaves, providing new perspectives on how unjust the slaves experiences were, and besides all the trouble they were facing still having to survive and shape their own lives. The British colonies in North America had an abundance of land and a scarcity of labor ended up producing money crops with the forced labor of African slaves, literally being treated as if they were machines for production.

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.

Williams’s thesis has gained some critics over the years. David Richardson said that the thesis is presented broadly and in sweeping terms . He continues by demonstrating that Williams failed to justify profits being made came from the sugar trade only or it was a combination of the triangular trade and bilateral colonial traders . Two historians McCloskey and Thomas conclude that the probability of trade being the horse power of growth before is in the eighteenth century is low. He also says that the profit levels given by authors such as William Darity are unrealistic and that the return from the slaves was less than 10 percent. Another author, Stanley Engerman look at Williams thesis in both historic and economic principals and he also proposes that William did does not explain wether the industrial revolution was financed solely by the slave trade or it was rather generated by the entire plantation of the economic system . He then says that there may be a possibility that only a small portion of the slave trader’s profits was derived from the slave trade. Stanley explains that there might