Closing our week-long forum on Slavery’s Capitalism, today’s post is courtesy of Kevin Waite, a Lecturer in Modern American History at Durham University in the United Kingdom. He was recently awarded his PhD at the University of Pennsylvania with a thesis entitled “The Slave South in the Far West: California, the Pacific and Proslavery Visions of Empire.”
No one could possibly read the fourteen essays that comprise Slavery’s Capitalism and conclude that human bondage was not absolutely central to American, and indeed global, economic development during the nineteenth century.  But it’s one of the corollary aims of the book—to move beyond the regionalism that has characterized much of the scholarship on slavery—that seems to me a more provocative, more novel, and perhaps more fraught intervention.
The long tentacles of slavery stretched across the globe and reached into a staggering array of institutions – educational, legal, financial, and political.This becomes especially clear by the final section of the book, “National Institutions and Natural Boundaries.” Compelling essays by Craig Steven Wilder, Andrew Shankman, Alfred L. Brophy and John Majewski provide a fitting capstone to a geographically and conceptually wide-ranging book. This is a history of slavery that catapults us far beyond the slave South. Continue reading →
Slavery’s Capitalism is a timely collection of essays which details the necessity of placing slavery at the center of the economic history of the United States of America. The editors convincingly contend that the nation’s economic rise is inextricably linked to the institution of slavery. Moreover, they demonstrate the necessity of understanding the rise of capitalism in the U.S. as global—the institution of slavery was essential to the rise of capitalism throughout the Western world. Part III, “Networks of Interest and the North,” examines northerners’ investments in the business of slavery—the buying and selling of goods and people that sustained plantations throughout the Americas and the financial systems that were established to facilitate those trades. Continue reading →
This contribution to the forum comes from Justin Leroy, an Assistant Professor in the Department of History at UC-Davis. Prior to joining UC Davis in 2016, he was a postdoctoral fellow in global American studies at Harvard University. He is at work on his first book, Freedom’s Limit: Racial Capitalism and the Afterlives of Slavery.
Slavery’s Capitalism offers a tremendous amount of evidence to support what scholars of slavery have long known—that slavery underwrote nearly every aspect of American economic development for over two centuries. These essays provide unprecedented detail about the precise workings of slavery’s role in the rise of American capitalism and will inspire many future research projects. Beckert and Rockman’s introduction is an ambitious piece of historiography, drawing together a diverse array of subfields and intellectual debates. Work such as Cedric Robinson’s Black Marxism and Ian Baucom’s Specters of the Atlantic, while key texts for interdisciplinary scholars working on questions of racial capitalism, are not often acknowledged by historians of the “new history of capitalism.” The introduction’s scope makes it an excellent primer for specialists and non-specialists alike. It is the most comprehensive of the recent review essays on slavery and capitalism, yet the breadth of this introduction is not matched by the essays within. Continue reading →
In their introduction to Slavery’s Capitalism, Sven Beckert and Seth Rockman write that the accumulation of scholarship about early American economic development necessitates “a fundamental rethinking of American history itself” (2). And, for someone who works on the seventeenth-century Caribbean, those words nonetheless resonated with debates very current in my own field of research. In 2011 – the same year that the conference that resulted in Slavery’s Capitalism was held – Latin Americanist John Tutino declared that, “We face a fundamental rethinking of the rise of capitalism” in response to the work of individuals like Dennis Flynn, Arturo Giráldez, and Kenneth Pomeranz. For Tutino, a global perspective on the development of capitalism amends the “enduring presumptions … that capitalism was Europe’s gift to the world,” and “historically antithetical” to places like Spanish America and the Caribbean. Beckert and Rockman recognize in their description of Dale Tomich’s “Second Slavery” the importance of new scholarship in “weaving together transnational and imperial frameworks, the history of capitalism, and the study of slavery as a profit-seeking enterprise” (11). Continue reading →
Slavery’s Capitalism has been a long time coming. The conference from which this book arose was held at Harvard and Brown Universities in spring 2011—years before the New York Timeslionised a “new history of capitalism,” co-editor Sven Beckert won the Bancroft Prize for his Empire of Cotton, or fellow co-editor Seth Rockman surveyed the field in the Journal of the Early Republic. The conversations and ideas aired at that conference have been part of public scholarly discussion for the last five years, including manypostshere at the Junto. Now we have the book itself, and we want to congratulate the editors and authors for their perseverance! Continue reading →
Jennifer Goloboy is a literary agent at Red Sofa Literary in St. Paul, MN. She has a PhD in the history of American civilization from Harvard University, and has published articles on merchants and the early American middle class. Her book, Charleston and the Emergence of Middle-Class Culture in the Revolutionary Era, will be published by University of Georgia Press on October 10.
As the new history of capitalism reminds us of the immense wealth that traveled through antebellum cotton ports, an old analytical problem remains—why didn’t Southern merchants invest in their communities, in the manner of the Boston Associates? Historians have traditionally explained that this lack of investment was caused by Southern culture: the Southern commitment to slavery, shared by its mercantile class, mandated a conservative approach to economic investment and a fear of change. For example, Scott P. Marler’s recent book on merchants in New Orleans claimed that “in the context of the slave society in which they were deeply implicated, their peculiar market culture discouraged the investments necessary for the city to modernize its economic base,” such as manufacturing and railroad-building.
Following on from Ken Owen’s review of Steve Pincus’s The Heart of the Declaration: The Founders’ Case for an Activist Government (New Haven: Yale University Press, 2016), we continue our Review/Q&A format with an interview with the author. Steve Pincus is the Bradford Durfee Professor of History at Yale University and author of 1688: The First Modern Revolution (2009) and Protestantism and Patriotism: Ideologies and the Making of English Foreign Policy, 1650-1668 (1996), editor of England’s Glorious Revolution 1688-1689: A Brief History with Documents (2005), and co-editor of A Nation Transformed: England After the Restoration (2001)and The Politics of the Public Sphere in Early Modern England (2007). Continue reading →