Capitalism and Slavery

Slavery aided in the funding of England’s Industrial Revolution. Plantation owners, shipbuilders, and merchants involved in the slave trade amassed large riches, which were used to construct banks and heavy industry in Europe, as well as spread capitalism’s reach globally.
In his 1944 book Capitalism and Slavery, Eric Williams articulated these important concepts. His insightful analysis, which was years ahead of its time, established the framework for studies of imperialism and economic growth.