Book Report: Capitalism & Slavery, Eric Williams

HIS294Y Thursday February 7th 2006 Book Report: capitalist economy & Slavery, Eric Williams 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 workings on the history of the Caribbean or break ones backholding for a exit of fact, was done by Europeans. In the preface of his book, Williams distinctly asserts that his work, is not a study of the institution of slavery but of the theatrical role of slavery to the study of British capitalism.1 His work takes an economic view of history, which is at the core of his arguments and thus essential to dread how his arguments and ideas are ultimately formulated. The author himself sums it up best, when he clearly states that his work is, first a study in side of meat economic history and second in West Indian and Negro history.2 His main thesis is that, the commercial capitalism of the 18th century was built up on slavery and monopoly, firearm the Industrial capitalism of the nineteenth century destroyed slavery and monopoly.

3 Economics was at the core of Williams thesis; it interlinks slavery, the erect of British capitalism, African slave work and the emancipation of slave in the Caribbean. The triangular trade involved trade amidst England, North America, the West Indies and England in the eighteenth century. The triangular trade would be crucial in the development of British industry, which would in turn lead to the Industrial revolution. This industrial revolution was financed through the, accumulation of capital,4 from salves, the key component of the labor intensifier plantations. Unlike elite historians Williams, acknowledges the importance of the African slaves in the development of British Industry. During the eighteenth century the colonial... If you want to get a full essay, order it on our website: Ordercustompaper.com

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