
The Half Has Never Been Told: Modern Insights into Slavery and Capitalism
Essay | Summary
This document discusses Edward E. Baptist's book, "The Half Has Never Been Told: Slavery and the Making of American Capitalism," which explores the role of slavery in the development of American capitalism.
New Perspective on Capitalism: Baptist's book positions slavery as a crucial element in the development of proto-capitalism in the 19th century Southeastern United States, challenging traditional narratives that emphasize post-Civil War industrialization.
Methodology and Narrative Style: The book employs a combination of slave narratives, historical evidence, mathematical tables, and period art to depict the brutal realities of chattel slavery and its role in the profitable cotton trade, which fueled Northern industrial growth.
Controversy and Criticism: Despite its popularity and literary awards, the book has faced criticism for its use of artistic license and perceived embellishment, with some reviewers arguing it fails to explain the rise of capitalism without slavery.