The Economics of Emancipation


Book Description

The British Slavery Abolition Act of 1834 provided a grant of u20 million to compensate the owners of West Indian slaves for the loss of their human 'property.' In this first comparative analysis of the impact of the award on the colonies, Mary Butler focuses on Jamaica and Barbados, two of Britain's premier sugar islands. The Economics of Emancipation examines the effect of compensated emancipation on colonial credit, landownership, plantation land values, and the broader spheres of international trade and finance. Butler also brings the role and status of women as creditors and plantation owners into focus for the first time. Through her analysis of rarely used chancery court records, attorneys' letters, and compensation returns, Butler underscores the fragility of the colonial economies of Jamaica and Barbados, illustrates the changing relationship between planters and merchants, and offers new insights into the social and political history of the West Indies and Britain.




One Kind of Freedom


Book Description

This edition of the economic history classic One Kind of Freedom reprints the entire text of the first edition together with an introduction by the authors and an extensive bibliography of works in Southern history published since the appearance of the first edition. The book examines the economic institutions that replaced slavery and the conditions under which ex-slaves were allowed to enter the economic life of the United States following the Civil War. The authors contend that although the kind of freedom permitted to black Americans allowed substantial increases in their economic welfare, it effectively curtailed further black advancement and retarded Southern economic development. Quantitative data are used to describe the historical setting but also shape the authors' economic analysis and test the appropriateness of their interpretations. Ransom and Sutch's revised findings enrich the picture of the era and offer directions for future research.




Between Slavery and Capitalism


Book Description

"At the center of the upheavals brought by emancipation in the American South was the economic and social transition from slavery to modern capitalism. In Between Slavery and Capitalism, Martin Ruef examines how this institutional change affected individuals, organizations, and communities in the late nineteenth century, as blacks and whites alike learned to navigate the shoals between two different economic worlds ... In the aftermath of the Civil War, uncertainty was a pervasive feature of life in the South, affecting the economic behavior and social status of former slaves, Freedmen's Bureau agents, planters, merchants, and politicians, among others. Emancipation brought fundamental questions: How should emancipated slaves be reimbursed in wage contracts? What occupations and class positions would be open to blacks and whites? What forms of agricultural tenure could persist? And what paths to economic growth would be viable? To understand the escalating uncertainty of the postbellum era, Ruef draws on a wide range of qualitative and quantitative data, including several thousand interviews with former slaves, letters, labor contracts, memoirs, survey responses, census records, and credit reports. Through a resolutely comparative approach, Between Slavery and Capitalism identifies profound changes between the economic institutions of the Old and New South and sheds new light on how the legacy of emancipation continues to affect political discourse and race and class relations today."--Publisher's Web site.




The Economic Aspect of the Abolition of the West Indian Slave Trade and Slavery


Book Description

In his influential and widely debated Capitalism and Slavery, Eric Williams examined the relation of capitalism and slavery in the British West Indies. Binding an economic view of history with strong moral argument, his study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established the centrality of the African slave trade in European economic development. He also showed that mature industrial capitalism in turn helped destroy the slave system. Establishing the exploitation of commercial capitalism and its link to racial attitudes, Williams employed a historicist vision that has set the tone for an entire field. Williams’s profound critique became the foundation for studies of imperialism and economic development and has been widely debated since the book’s initial publication in 1944. The Economic Aspect of the Abolition of the West Indian Slave Trade and Slavery now makes available in book form for the first time his dissertation, on which Capitalism and Slavery was based. The significant differences between his two works allow us to rethink questions that were considered resolved and to develop fresh problems and hypotheses. It offers the possibility of a much deeper reconsideration of issues that have lost none of their urgency—indeed, whose importance has increased.




The Price of Emancipation


Book Description

When colonial slavery was abolished in 1833 the British government paid £20 million to slave-owners as compensation: the enslaved received nothing. Drawing on the records of the Commissioners of Slave Compensation, which represent a complete census of slave-ownership, this book provides a comprehensive analysis of the extent and importance of absentee slave-ownership and its impact on British society. Moving away from the historiographical tradition of isolated case studies, it reveals the extent of slave-ownership among metropolitan elites, and identifies concentrations of both rentier and mercantile slave-holders, tracing their influence in local and national politics, in business and in institutions such as the Church. In analysing this permeation of British society by slave-owners and their success in securing compensation from the state, the book challenges conventional narratives of abolitionist Britain and provides a fresh perspective of British society and politics on the eve of the Victorian era.




The Meaning Of Freedom


Book Description

In this interdisciplinary study, scholars consider the aftermath of slavery, focusing on Caribbean societies and the southern United States. What was the nature and impact of slave emancipation? Did the change in legal status conceal underlying continuities in American plantation societies? Was there a common postemancipation pattern of economic development? How did emancipation affect the politics and culture of race and class? This comparative study addresses precisely these types of questions as it makes a significant contribution to a new a growing field.




Conflict and Compromise


Book Description

In this book Professor Roger Ransom examines the economic and political factors that led to the attempt by Southerners to dissolve the Union in 1860, and the equally determined effort of Northerners to preserve it. Ransom argues that the system of capitalist slavery in the South not only "caused" the Civil War by producing tensions that could not be resolved by compromise; it also played a crucial role in the outcome of that war by crippling the southern war effort at the same time that emancipation became a unifying issue for the North. Ransom also carefully examines the impact that four years of war and the emancipation of slaves had both on the defeated South and the victorious North. -- From publisher's description.




Slavery, Emancipation, and Freedom


Book Description

It is beyond dispute that slavery has always been abhorrent and, wherever it still exists, should be abolished. Where most scholarly writing on slavery in the past has concentrated on examining slaves as victims, recent writings have taken a more nuanced view of slavery in focusing on the slaves themselves and their cultural and psychological accomplishments in captivity. Also, studies of the system's profitability have shown that, from an economic perspective, slavery worked for the slaveholders and their society. In Slavery, Emancipation, and Freedom, the distinguished scholar Stanley Engerman succinctly synthesizes current scholarship and addresses questions that are critical to understanding the nature of slavery: Why did slavery arise, and how, why, where, and when did it legally end? What impact did slavery have on the enslaved? Was the impact lingering or was it reversed by the provision of freedom? Engerman begins his study by discussing slavery from a global perspective. He reminds us of the ubiquity of slavery throughout the world, challenging the stereotype that it was only the American South's "peculiar institution." Using the same broad comparative and temporal approach to discuss emancipation, he shows how emancipation in the southern states, several decades after it began in other parts of the world, both differed from and mirrored abolition around the globe. Slavery, Emancipation, and Freedom is an important confrontation with America's and the world's past and present. Both the breadth and depth of this brief, incisive treatise demonstrate why Engerman is considered one of America's most insightful and respected scholars.




The Long Emancipation


Book Description

Perhaps no event in American history arouses more impassioned debate than the abolition of slavery. Answers to basic questions about who ended slavery, how, and why remain fiercely contested more than a century and a half after the passage of the Thirteenth Amendment. In The Long Emancipation, Ira Berlin draws upon decades of study to offer a framework for understanding slavery’s demise in the United States. Freedom was not achieved in a moment, and emancipation was not an occasion but a near-century-long process—a shifting but persistent struggle that involved thousands of men and women. “Ira Berlin ranks as one of the greatest living historians of slavery in the United States... The Long Emancipation offers a useful reminder that abolition was not the charitable work of respectable white people, or not mainly that. Instead, the demise of slavery was made possible by the constant discomfort inflicted on middle-class white society by black activists. And like the participants in today’s Black Lives Matter movement, Berlin has not forgotten that the history of slavery in the United States—especially the history of how slavery ended—is never far away when contemporary Americans debate whether their nation needs to change.” —Edward E. Baptist, New York Times Book Review




Capitalism and Slavery


Book Description

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 the centrality of the African slave trade in European economic development. He also showed that mature industrial capitalism in turn helped destroy the slave system. Establishing the exploitation of commercial capitalism and its link to racial attitudes, Williams employed a historicist vision that set the tone for future studies. In a new introduction, Colin Palmer assesses the lasting impact of Williams's groundbreaking work and analyzes the heated scholarly debates it generated when it first appeared.