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Capitalism's relation to slavery, and vice versa, continues to draw great interest from the historical profession. Ever since Eric Williams published his seminal work Capitalism and Slavery in 1944, historians have explored the connection between the two. For a while, studies within southern historiography argued against the notion that planters had embraced the values of capitalism. The future Confederate States were often portrayed as existing outside of the movement toward modernity. More recently, scholars have developed an approach that is being called the New Capitalism: a framework that incorporates the perspectives of the worker and immigrants with that of entrepreneurs and financiers, often situated within the global development of industrialization. With the need, as Seth Rockman explained in a forum held in this journal in 2012, to connect "the stories of New York financiers, Virginia slaves, Connecticut shipbuilders, and Alabama land speculators," slavery now appears central to the rise of capitalism.1 Two articles in this issue further explore this realm. Scott Reynolds Nelson provides a very useful tour of the evolving historiography of capitalism and slavery, taking us back to the foundations laid by Eric Williams and tracing the intellectual developments that included such concepts as Marxist theory,
The Journal of the Civil War Era – University of North Carolina Press
Published: May 7, 2015
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