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By James M. McPherson
rbhayes.org
During the fateful years of 1860 and 1861 James A. Garfield, a representative in the Ohio legislature, corresponded with his former student at Hiram College, Burke Hinsdale, about the alarming developments in national affairs. They agreed that this "present revolution" of Southern secession from the Union was sure to spark a future revolution of freedom for the slaves.
Garfield quoted with approval the famous speech by Republican leader William H. Seward, in which Seward had characterized the ideological conflict between the proslavery South and the free-labor North as "an irrepressible conflict between opposing and enduring forces" which "means that the United States must and will, sooner or later, become either a slave-holding nation, or a free-labor nation." Garfield echoed Seward’s certainty of the outcome. The rise of the Republican party, they agreed, was a "revolution," and "revolutions never go backward." Southern secession meant that this revolution would probably triumph in the violence of civil war.
If that turned out to be the case, wrote Garfield, so be it, for the Bible taught that "without the shedding of blood there is no remission of sins." Or as Hinsdale put it: "All the great charters of humanity have been writ in blood . . . England’s was engrossed in [the blood] of the Stuarts – and that of the United States in [the blood] of England." Soon, perhaps, the slaves, would achieve their charter of freedom in the blood of their masters.1
Shortly after the beginning of the Civil War, James Garfield joined the Union army and rose eventually to the rank of major general. From the outset, he believed that Northern victory would accomplish the revolution of freedom for the slaves. In October, 1862 he insisted that the war must and would destroy "the old slaveholding, aristocratic social dynasty" that had ruled the nation, and replace it with a "new Republican one." A few months later, while reading Louis Adolph Thier’s ten-volume History of the French Revolution, Garfield was "constantly struck" with "the remarkable analogy which the events of that day bear to our own rebellious times."2
In December 1863 Garfield doffed his army uniform for the civilian garb of a congressman. During the first three of his seventeen years in Congress, Garfield was one of the most radical of the radical Republicans. He continued to view the Civil War and Reconstruction as a revolution that must wipe out all traces of the ancien regime in the South. In his maiden speech to the House of Representatives on January 28, 1864, he called for the confiscation of the land of Confederate planters and the redistribution of this land among freed slaves and white Unionists in the South. To illustrate the need for such action, Garfield drew upon the experience of the English revolutions against the Stuart kings in the seventeenth century and the American Revolution against Britain in the eighteenth. "Our situation," he said, "affords a singular parallel to that of the people of Great Britian in their great revolution" and an even more important parallel to our forefathers of 1776. "The Union had its origin in revolution," Garfield pointed out, and "confiscation played a very important part in that revolution . . . Every one of the thirteen States, with a single exception, confiscated the real and personal property of Tories in arms." The Southern planters were the Tories of this second American revolution, he continued, and to break their power we must not only emancipate their slaves, "we must [also] take away the platform on which slavery stands – the great landed estates of the armed rebels . . . Take that land away, and divide it into homes for the men who have saved our country." And after their land was taken away, Garfield went on, "the leaders of this rebellion must be executed or banished from the republic. They must follow the fate of the Tories of the Revolution." These were harsh measures, Garfield admitted, but "let no weak sentiments of misplaced sympathy deter us from inaugurating a measure which will cleanse our nation and make it the fit home of freedom . . . Let us not despise the severe wisdom of our Revolutionary fathers when they served their generation in a similar way."3
Garfield later receded from his commitment to confiscation and his belief in execution or banishment. But he continued to insist on the enfranchisement of freed slaves as voters, a measure that many contemporaries viewed as revolutionary. Garfield linked this also to the ideas of the first American Revolution. The Declaration of Independence, he said in a speech on July 4, 1865, proclaimed the equality of birthright of all men and the need for the consent of the governed for a just government. This meant black men as well as white men, said Garfield, and to exclude emancipated slaves from equal participation in the government would be a denial of "the very axioms of the Declaration of Indepedence."4
In 1866, Congress passed the Fourteenth Amendment to the Constitution as a moderate compromise that granted blacks equal civil rights but not equal political rights. When the Southern states refused to ratify this moderate measure, Garfield renewed his call for revolutionary change to be imposed on the South by its Northern conquerors. Since the Southern whites, he said in early 1867, "would not cooperate with us in rebuilding what they had destroyed, we must remove the rubbish and rebuild from the bottom . . . We must lay the heavy hand of military authority upon these Rebel communities, and . . . plant liberty on the ruins of slavery."5
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By Sven Beckert
The Chronicle
Dec 12, 2014 – Few topics have animated today’s chattering classes more than capitalism. In the wake of the global economic crisis, the discussion has spanned political boundaries, with conservative newspapers in Britain and Germany running stories on the "future of capitalism" (as if that were in doubt) and Korean Marxists analyzing its allegedly self-destructive tendencies. Pope Francis has made capitalism a central theme of his papacy, while the French economist Thomas Piketty attained rock-star status with a 700-page book full of tables and statistics and the succinct but decisively unsexy title Capital in the Twenty-First Century (Harvard University Press).
With such contemporary drama, historians have taken notice. They observe, quite rightly, that the world we live in cannot be understood without coming to terms with the long history of capitalism—a process that has arguably unfolded over more than half a millennium. They are further encouraged by the all-too-frequent failings of economists, who have tended to naturalize particular economic arrangements by defining the "laws" of their development with mathematical precision and preferring short-term over long-term perspectives. What distinguishes today’s historians of capitalism is that they insist on its contingent nature, tracing how it has changed over time as it has revolutionized societies, technologies, states, and many if not all facets of life.
Nowhere is this scholarly trend more visible than in the United States. And no issue currently attracts more attention than the relationship between capitalism and slavery.
If capitalism, as many believe, is about wage labor, markets, contracts, and the rule of law, and, most important, if it is based on the idea that markets naturally tend toward maximizing human freedom, then how do we understand slavery’s role within it? No other national story raises that question with quite the same urgency as the history of the United States: The quintessential capitalist society of our time, it also looks back on long complicity with slavery. But the topic goes well beyond one nation. The relationship of slavery and capitalism is, in fact, one of the keys to understanding the origins of the modern world.
For too long, many historians saw no problem in the opposition between capitalism and slavery. They depicted the history of American capitalism without slavery, and slavery as quintessentially noncapitalist. Instead of analyzing it as the modern institution that it was, they described it as premodern: cruel, but marginal to the larger history of capitalist modernity, an unproductive system that retarded economic growth, an artifact of an earlier world. Slavery was a Southern pathology, invested in mastery for mastery’s sake, supported by fanatics, and finally removed from the world stage by a costly and bloody war.
Some scholars have always disagree with such accounts. In the 1930s and 1940s, C.L.R. James and Eric Williams argued for the centrality of slavery to capitalism, though their findings were largely ignored. Nearly half a century later, two American economists, Stanley L. Engerman and Robert William Fogel, observed in their controversial book Time on the Cross (Little, Brown, 1974) the modernity and profitability of slavery in the United States. Now a flurry of books and conferences are building on those often unacknowledged foundations. They emphasize the dynamic nature of New World slavery, its modernity, profitability, expansiveness, and centrality to capitalism in general and to the economic development of the United States in particular.
The historians Robin Blackburn in England, Rafael Marquese in Brazil, Dale Tomich in the United States, and Michael Zeuske in Germany led the study of slavery in the Atlantic world. They have now been joined by a group of mostly younger American historians, like Walter Johnson, Seth Rockman, and Caitlin C. Rosenthal, looking at the United States.
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Publicseminar.org
April 9th, 2014

Family of African American slaves on Smith’s Plantation, Beaufort, South Carolina, circa 1862. © Timothy H. O’Sullivan | learnnc.org
Racialized chattel slaves were the capital that made capitalism. While most theories of capitalism set slavery apart, as something utterly distinct, because under slavery, workers do not labor for a wage, new historical research reveals that for centuries, a single economic system encompassed both the plantation and the factory.
At the dawn of the industrial age commentators like Rev. Thomas Malthus could not envision that capital — an asset that is used but not consumed in the production of goods and services — could compound and diversify its forms, increasing productivity and engendering economic growth. Yet, ironically, when Malthus penned his Essay on the Principle of Population in 1798, the economies of Western Europe already had crawled their way out of the so-called “Malthusian trap.” The New World yielded vast quantities of “drug foods” like tobacco, tea, coffee, chocolate, and sugar for world markets. Europeans worked a little bit harder to satiate their hunger for these “drug foods.” The luxury-commodities of the seventeenth century became integrated into the new middle-class rituals like tea-drinking in the eighteenth century. By the nineteenth century, these commodities became a caloric and stimulative necessity for the denizens of the dark satanic mills. The New World yielded food for proletarians and fiber for factories at reasonable (even falling) prices. The “industrious revolution” that began in the sixteenth century set the stage for the Industrial Revolution of the late eighteenth and nineteenth centuries.
But the “demand-side” tells only part of the story. A new form of capital, racialized chattel slaves, proved essential for the industrious revolution — and for the industrial one that followed.
Book cover of Sweetness and Power: The Place of Sugar in Modern History by Sidney W. Mintz © Penguin Books | Amazon.com
The systematic application of African slaves in staple export crop production began in the sixteenth century, with sugar in Brazil. The African slave trade populated the plantations of the Caribbean, landing on the shores of the Chesapeake at the end of the seventeenth century. African slaves held the legal status of chattel: moveable, alienable property. When owners hold living creatures as chattel, they gain additional property rights: the ownership of the offspring of any chattel, and the ownership of their offspring, and so on and so forth. Chattel becomes self-augmenting capital.
While slavery existed in human societies since prehistoric times, chattel status had never been applied so thoroughly to human beings as it would be to Africans and African-Americans beginning in the sixteenth century. But this was not done easily, especially in those New World regions where African slaves survived, worked alongside European indentured servants and landless “free” men and women, and bore offspring — as they did in Britain’s mainland colonies in North America.
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A Review of Walter Johnson’s ‘River of Dark Dreams.’’
By Robin Einhorn
The Nation, Feb 11, 2014
For decades, historians have been attacking the shopworn idea of Northern industrialists as the dominant figures of American capitalism in the first half of the nineteenth century. Resting on a rich array of misconceptions and a few outright lies, this idea has withstood even the most severe factual challenges because, as an explanation for the Civil War, it has been useful no matter how the war is remembered. It has licensed romantic interpretations of the War of the Rebellion, the War Between the States and even the War of Northern Aggression. One could assign all kinds of political faults to the antagonists but still commemorate the fratricidal tragedy of Billy Yank and Johnny Reb because the notion of an industrial North dragging an agrarian South into the capitalist future offered magically offsetting historical alibis. By divorcing the North from slavery and the South from capitalism, it ennobled all of the white men involved.
On the Southern side, the stereotype has permitted a misinterpretation of the war’s economic circumstances and consequences. After the war, and largely because of it, the South was the poorest region of the United States. Even today, the states that had very large slave populations in 1860 tend to have low per capita incomes, with Mississippi perennially at the bottom. If, however, wealth is assessed the way most white people calculated it at the time—by counting enslaved African-Americans as valuable property rather than as victims of the desperate poverty that slaveholders imposed on them—the South was the nation’s wealthiest region before the Civil War. Two-thirds of all Americans who owned estates worth more than $100,000 lived in the South in 1860; Mississippi and Louisiana boasted more millionaires per capita than Massachusetts and New York; and more capital was invested in enslaved African-Americans than in railroad and industrial assets combined.
But the Southern slaveholders were more than just rich. As the Harvard historian Walter Johnson explains in his bracing new history of slavery and capitalism in the Deep South, River of Dark Dreams, the slaveholders were the quintessential American capitalists. They were early adopters of technology, avid consumers of financial data, expert manipulators of legal arcana and aggressive speculators in everything, including not only human chattel and cotton but also unstable paper money and exotic credit arrangements. Above all, the slaveholders of the Cotton Kingdom were rapacious—and highly effective— masters of the essential capitalist process of converting labor into commodities. The whole point of plantation slavery, Johnson explains, was this chain of capitalist mutations: from “lashes into labor into bales into dollars into pounds sterling.”
Much of the North’s wealth also depended on the exploitation of slave labor, even though the Northern states abolished slavery within their boundaries in the decades after the American Revolution. Many of the early Northern factories turned Southern cotton into cheap textiles, which were then sold to the slaveholders as low-grade “negro cloth.” But the factories were not the big story, since they remained relatively small in this period. Most Northerners were farmers rather than industrialists or industrial workers. The serious profits were made in commerce, especially shipping, financing and insuring the cotton that accounted for roughly half the value of all US exports from 1820 to 1860. Southern cotton, even more than the grain hauled through the Great Lakes and Erie Canal, fed the rise of New York to commercial eminence.
The slave-labor economy of the Mississippi Valley endowed the masters at the top of its pyramid with fabulous wealth and a profoundly exaggerated sense of their power in the world. Because the American South supplied 80 percent of the world’s cotton, the planters believed that the world economy depended on them instead of the other way around. They thought riches and ruin were theirs to mete out, not only to the American North but also to the major European powers. They were wrong. When they acted on their imperial fantasies by engaging the North in the Civil War, they lost their wealth, their slaves and their market power, as their erstwhile customers turned to competing cotton suppliers in Egypt and India.
But the imperial fantasies that interest Johnson had nothing to do with the North.