Capitalism and Slavery
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English
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U Lužického semináře 10, Malá Strana
Book information
Penguin Books Ltd
UK
2022
Paperback
288
Standard
307540
978-0-241-54816-5
0-241-54816-0
Economic history
Annotation
Arguing that the slave trade was at the heart of Britain's economic progress, Eric Williams's landmark 1944 study revealed the connections between capitalism and racism, and has influenced generations of historians ever since. Williams traces the rise and fall of the Atlantic slave trade through the eighteenth and nineteenth centuries to show how it laid the foundations of the Industrial Revolution, and how racism arose as a means of rationalising an economic decision. Most significantly, he showed how slavery was only abolished when it ceased to become financially viable, exploding the myth of emancipation as a mark of Britain's moral progress.
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