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How Slaves Built American Capitalism

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In Saner Thought

My regulars will know that I am a bit of a history buff….there is so much fascinating stuff in our history that there is just no end to the stories……

Slavery was a dark hour in the history of this country….but thanx to the practice American capitalism flourished….

Today marks the 150th anniversary of the abolition of slavery in America and contrary to popular belief, slavery is not a product of Western capitalism; Western capitalism is a product of slavery.

The expansion of slavery in the first eight decades after American Independence drove the evolution and modernization of the United States.

Historian Edward Baptist illustrates how in the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a continental cotton empire, and the United States grew into a modern, industrial, and capitalist economy.

Source: How Slaves Built American Capitalism

This ought…

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