Eric Williams's Capitalism & Slavery became the foundation for many future studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the INDUSTRIAL REVOLUTION REFUTED TRADITIONAL IDEAS OF...
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Eric Williams's Capitalism & Slavery became the foundation for many future studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the INDUSTRIAL REVOLUTION REFUTED TRADITIONAL IDEAS OF ECONOMIC AND MORAL PROGRESS AND FIRMLY ESTABLISHED THE CENTRALITY OF THE African slave trade in European economic development. He also showed that mature industrial capitalism in turn helped destroy the slave system.
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