For residents of the world’s pre-eminent
capitalist nation, American historians have produced remarkably few studies of
capitalism in the United States. This situation was exacerbated in the 1970s,
when economic history began to migrate from history to economics departments,
where it too often became an exercise in scouring the past for numerical data to
plug into computerized models of the economy. Recently, however, the history of
American capitalism has emerged as a thriving cottage industry. This new work
portrays capitalism not as a given (something that “came in the first ships,” as
the historian Carl Degler once wrote) but as a system that developed over time,
has been constantly evolving and penetrates all aspects of society.
Slavery plays a crucial role in this
literature. For decades, historians depicted the institution as unprofitable and
on its way to extinction before the Civil War (a conflict that was therefore
unnecessary). Recently, historians like Sven Beckert, Robin Blackburn and Walter
Johnson have emphasized that cotton, the raw material of the early Industrial
Revolution, was by far the most important commodity in 19th-century
international trade and that capital accumulated through slave labor flowed into
the coffers of Northern and British bankers, merchants and manufacturers. And
far from being economically backward, slave owners pioneered advances in modern
accounting and finance.
Edward E. Baptist situates “The Half Has Never
Been Told” squarely within this context. Baptist, who teaches at Cornell
University, is the author of a well-regarded study of slavery in Florida. Now
he expands his purview to the entire cotton kingdom, the heartland of
19th-century American slavery. (Unfortunately, slavery in the Upper South,
where cotton was not an economic staple, is barely discussed, even though as
late as 1860 more slaves lived in Virginia than any other state.) In keeping
with the approach of the new historians of capitalism, the book covers a great
deal of ground — not only economic enterprise but religion, ideas of masculinity
and gender, and national and Southern politics. Baptist’s work is a valuable
addition to the growing literature on slavery and American development.
Where Baptist breaks new ground is in his
emphasis on the centrality of the interstate trade in slaves to the regional and
national economies and his treatment of the role of extreme violence in the
workings of the slave system. After the legal importation of slaves from outside
the country ended in 1808, the spread of slavery into the states bordering the
Gulf of Mexico would not have been possible without the enormous uprooting of
people from Maryland and Virginia. Almost one million slaves, Baptist estimates,
were transported to the cotton fields from the Upper South in the decades before
the Civil War.
The domestic slave trade was highly organized
and economically efficient, relying on such modern technologies as the
steamboat, railroad and telegraph. For African-Americans, its results were
devastating. Since buyers preferred young workers “with no attachments,” the
separation of husbands from wives and parents from children was intrinsic to its
operation, not, as many historians have claimed, a regrettable side effect.
Baptist shows how slaves struggled to recreate a sense of community in the face
of this disaster.
The sellers of slaves, Baptist insists, were
not generally paternalistic owners who fell on hard times and parted reluctantly
with members of their metaphorical plantation “families,” but entrepreneurs who
knew an opportunity for gain when they saw one. As for the slave traders — the
middlemen — they excelled at maximizing profits. They not only emphasized the
labor abilities of those for sale (reinforced by humiliating public inspections
of their bodies), but appealed to buyers’ salacious fantasies. In the 1830s, the
term “fancy girl” began to appear in slave-trade notices to describe young women
who fetched high prices because of their physical attractiveness. “Slavery’s
frontier,” Baptist writes, “was a white man’s sexual playground.”
The cotton kingdom that arose in the Deep
South was incredibly brutal. Violence against Native Americans who originally
owned the land, competing imperial powers like Spain and Britain and slave
rebels solidified American control of the Gulf states. Violence, Baptist
contends, explains the remarkable increase of labor productivity on cotton
plantations. Without any technological innovations in cotton picking, output per
hand rose dramatically between 1800 and 1860. Some economic historians have
attributed this to incentives like money payments for good work and the
opportunity to rise to skilled positions. Baptist rejects this explanation.
Planters called their method of labor control
the “pushing system.” Each slave was assigned a daily picking quota, which
increased steadily over time. Baptist, who feels that historians too often
employ circumlocutions that obscure the horrors of slavery, prefers to call it
“the ‘whipping-machine’ system.” In fact, the word we should really use, he
insists, is “torture.” To make slaves work harder and harder, planters utilized
not only incessant beating but forms of discipline familiar in our own time —
sexual humiliation, bodily mutilation, even waterboarding. In the cotton
kingdom, “white people inflicted torture far more often than in almost any human
society that ever existed.” When Abraham Lincoln reminded Americans in his
Second Inaugural Address of the 250 years of “blood drawn with the lash” that
preceded the Civil War, he was making a similar point: Violence did not begin in
the United States with the firing on Fort Sumter.
Baptist has a knack for explaining complex
financial matters in lucid prose. He relates how in the 1830s Southern banks
developed new financial instruments, bonds with slaves as collateral, that
enabled planters to borrow enormous amounts of money to acquire new land, and
how lawmakers backed these bonds with the state’s credit. A speculative bubble
ensued, and when it collapsed, taxpayers were left to foot the bill. But rather
than bailing out Northern and European bondholders, several states simply
defaulted on their debts. Many planters fled with their slaves to Texas, until
1845 an independent republic, to avoid creditors. “Honor,” a key element in
Southern notions of masculinity, went only so far.
By the 1850s, prosperity returned to the
cotton economy, and planters had no difficulty obtaining loans in financial
markets. As the railroad opened new areas to cultivation and cotton output
soared, slave owners saw themselves as a modern, successful part of the world
capitalist economy. They claimed the right to bring their slaves into all the
nation’s territories, and indeed into free states. These demands aroused intense
opposition in the North, leading to Lincoln’s election, secession and civil
war.
Baptist clearly hopes his findings will reach
a readership beyond academe — a worthy ambition. He pursues this goal, however,
in ways that sometimes undermine the book’s coherence. The chapter titles, which
refer to parts of the body, often have little connection to the content that
follows. Presumably to avoid sounding academic, he sprinkles the text with
anachronistic colloquialisms (“the president was all in” is how he describes
Franklin Pierce’s embrace of the Kansas-Nebraska bill in 1854) and with
telegraphic sentences more appropriate for Twitter. Occasionally, he deploys
four-letter words that cannot be reproduced in these pages. This is unnecessary
— his story does not require additional shock value.
It is hardly a secret that slavery is deeply
embedded in our nation’s history. But many Americans still see it as essentially
a footnote, an exception to a dominant narrative of the expansion of liberty on
this continent. If the various elements of “The Half Has Never Been Told” are
not entirely pulled together, its underlying argument is persuasive: Slavery was
essential to American development and, indeed, to the violent construction of
the capitalist world in which we live.
THE HALF HAS NEVER BEEN TOLD
Slavery and the Making of American Capitalism
By Edward E. Baptist
Illustrated. 498 pp. Basic Books. $35.
No comments:
Post a Comment