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Slavery, Capitalism and the Industrial Revolution

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The role of slavery in driving Britain's economic development is often debated, but seldom given a central place.

In their remarkable new book, Maxine Berg and Pat Hudson ‘follow the money’ to document in revealing detail the role of slavery in the making of Britain’s industrial revolution. Slavery was not just a source of wealth for a narrow circle of slave owners who built grand country houses and filled them with luxuries. The forces set in motion by the slave and plantation trades seeped into almost every aspect of the economy and society.

In textile mills, iron and copper smelting, steam power, and financial institutions, slavery played a crucial part. Things we might think far removed from the taint of slavery, such as eighteenth-century fashions for indigo-patterned cloth, sweet tea, snuff boxes, mahogany furniture, ceramics and silverware, were intimately connected. Even London’s role as a centre for global finance was partly determined by the slave trade as insurance, financial trading and mortgage markets were developed in the City to promote distant and risky investments in enslaved people.

The result is a bold and unflinching account of how Britain became a global superpower, and how the legacy of slavery persists. Acknowledging Britain’s role in slavery is not just about toppling statues and renaming streets. We urgently need to come to terms with slavery’s inextricable links with Western capitalism, and the ways in which many of us continue to benefit from slavery to this day.

Authors: Hudson Pat, Berg Maxine
Publisher: POLITY PRESS
Pages: 282
ISBN: 9781509552689
Cover: Hardback
Edition Number: 1
Release Year: 2023

Introduction

Chapter 1: Slavery and the British economy: how the slave and plantation trades worked and how they changed

Chapter 2: Slavery and the British industrial revolution: misleading measures

Chapter 3: A revolution in consumption: sugar and other plantation products

Chapter 4: Plantation innovation and Atlantic science

Chapter 5: British ‘slave ports’ and their hinterlands: structural and regional transformation

Chapter 6: Iron and copper revolutions: metals, hardware and mining

Chapter 7: Textile revolutions

Chapter 8: Financial capitalism

Chapter 9: Slavery after slavery: legacies of race and inequality

Chapter 10: Slavery, capitalism and the economic history of Britain

Pat Hudson is Emeritus Professor of Economic History at Cardiff University. Her books include The Industrial Revolution (1992) and History by Numbers: An Introduction to Quantitative Approaches (second edition 2016). Recently, she coedited (with Francesco Boldizzoni) The Routledge Handbook of Global Economic History (2016).

Keith Tribe taught economics at Keele University in the 1980s and 1990s before taking early retirement in 2002. Since then he has continued to write, translate and teach. He is currently teaching the history of economics at the University of Birmingham. His books include Governing Economy (1988), Strategies of Economic Order (1995/2007) and The Economy of the Word (2015).

Maxine Berg is Professor Emeritus of History at the University of Warwick.

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