Why did I love this book?
This book remains a classic almost a century after its publication. Written by a black Oxford-educated scholar who would lead Trinidad to independence and become its first black prime minister, it shows readers how slaveholders in Britain’s West Indian colonies reaped immense fortunes, and how this wealth, invested in Britain’s infrastructure, helped create the Industrial Revolution and make Britain a global economic powerhouse. Lucidly written, it continues to inspire debate about the connections between slavery in the sugar fields of the Caribbean and the rise of the factory in England’s industrial heartlands.
3 authors picked Capitalism and Slavery as one of their favorite books, and they share why you should read it.
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 Capitalism and Slavery, published in 1944. Years ahead of its time, his profound critique became the foundation for studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established…