Edward E. Baptist | |
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| Born | 1970 (age 53–54) Cambridge, Massachusetts, U.S. |
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| Education | Georgetown University (BA) University of Pennsylvania (PhD) |
Edward E. Baptist (born 1970) is an American academic and writer. He is a professor of history at Cornell University, located in Ithaca, New York, where he specializes in the history of the 19th-century United States, particularly the South. Thematically, he has been interested in the history of capitalism and has also been interested in digital humanities methodologies. He is the author of numerous books.
Baptist was born in 1970 in Cambridge, Massachusetts, but he grew up in Durham, North Carolina. [1] He graduated from Georgetown University and in 1997 earned his doctorate from the University of Pennsylvania. [2]
Baptist is a professor of history at Cornell University. His areas of interest are 19th-century United States and especially the history of enslavement in America. [2] Baptist is the author of many articles and books including The Half Has Never Been Told: Slavery and the Making of American Capitalism and the award-winning Creating an Old South. [3]
In September 2014, Baptist's work came to prominence when The Economist published a review of The Half Has Never Been Told, criticizing Baptist's thesis that growth in cotton productivity was driven primarily by increasing cruelty. The review sparked widespread outrage for its statement, "Almost all the blacks in his book are victims, almost all the whites villains. This is not history; it is advocacy." This prompted a rare withdrawal of the article and an apology from the magazine. [4] Baptist wrote a response in Politico magazine in which he states,
Had the Economist actually engaged the book's arguments, the reviewer would have had to confront the scary fact that the unrestrained domination of market forces can sometimes amplify existing forms of oppression into something more horrific. No wonder the Economist abandoned its long-standing intellectual commitments in favor of sloppy old paternalism on Sept. 4, because if it hadn't, Mr./Ms. Anonymous might have had to admit that market fundamentalism doesn't always provide the best solution for every economic or social problem. [5]
The Half Has Never Been Told received mixed reviews from academics. [6] A number of historians, including Eric Foner of Columbia University and Daina Ramey Berry of the University of Texas at Austin, have praised the book. [7]
Economic historians have sharply criticized The Half Has Never Been Told. [8] [9] [10] [11] [6] Reviewing the book in The Journal of Economic History (JEH), Alan Olmstead writes, "Edward Baptist’s study of capitalism and slavery is flawed beyond repair." Olmstead criticizes Baptist's "torture hypothesis" that increasing cruelty drove increases in cotton picking output, citing research that finds that increases in productivity resulted primarily from planting of improved cotton varieties. Olmstead additionally writes that "carelessness with numbers when coupled with his fundamental misunderstanding of economic logic" leads Baptist to vastly overstate the importance of cotton to the antebellum American economy. [10] In a separate review of the book in the JEH, Eric Hilt writes, "much of its economic analysis is so flawed that it undermines the credibility of the book." Hilt argues that Baptist's calculation of the share of cotton in antebellum America's Gross Domestic Product "is a disastrously mishandled undertaking, full of obvious manipulations that overstate cotton's contribution." [12] A 2020 study in the Economic History Review rejects Baptist's thesis that slavery was necessary for American economic development. [13]
In 2017, Baptist was awarded a prestigious Guggenheim Fellowship for a new project on the history of the policing of African Americans from Jamestown to Ferguson.
Baptist lives in Ithaca, New York. [3]
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. The defining characteristics of capitalism include private property, capital accumulation, competitive markets, price systems, recognition of property rights, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, economic efficiency, limited role of government, profit motive, a financial infrastructure of money and investment that makes possible credit and debt, entrepreneurship, commodification, voluntary exchange, wage labor, production of commodities and services, and a strong emphasis on innovation and economic growth. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants.
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.
The Panic of 1837 was a financial crisis in the United States that began a major depression which lasted until the mid-1840s. Profits, prices, and wages dropped, westward expansion was stalled, unemployment rose, and pessimism abounded.
The legal institution of human chattel slavery, comprising the enslavement primarily of Africans and African Americans, was prevalent in the United States of America from its founding in 1776 until 1865, predominantly in the South. Slavery was established throughout European colonization in the Americas. From 1526, during the early colonial period, it was practiced in what became Britain's colonies, including the Thirteen Colonies that formed the United States. Under the law, an enslaved person was treated as property that could be bought, sold, or given away. Slavery lasted in about half of U.S. states until abolition in 1865, and issues concerning slavery seeped into every aspect of national politics, economics, and social custom. In the decades after the end of Reconstruction in 1877, many of slavery's economic and social functions were continued through segregation, sharecropping, and convict leasing.
Market fundamentalism, also known as free-market fundamentalism, is a term applied to a strong belief in the ability of unregulated laissez-faire or free-market capitalist policies to solve most economic and social problems. It is often used as pejorative by critics of said beliefs.
"King Cotton" is a slogan that summarized the strategy used before the American Civil War by secessionists in the southern states to claim the feasibility of secession and to prove there was no need to fear a war with the northern states. The theory held that control over cotton exports would make a proposed independent Confederacy economically prosperous, would ruin the textile industry of New England, and—most importantly—would force the United Kingdom and perhaps France to support the Confederacy militarily because their industrial economies depended on Southern cotton.
Capitalism is an economic system based on the private ownership of the means of production. This is generally taken to imply the moral permissibility of profit, free trade, capital accumulation, voluntary exchange, wage labor, etc. Its emergence, evolution, and spread are the subjects of extensive research and debate. Debates sometimes focus on how to bring substantive historical data to bear on key questions. Key parameters of debate include: the extent to which capitalism is natural, versus the extent to which it arises from specific historical circumstances; whether its origins lie in towns and trade or in rural property relations; the role of class conflict; the role of the state; the extent to which capitalism is a distinctively European innovation; its relationship with European imperialism; whether technological change is a driver or merely a secondary byproduct of capitalism; and whether or not it is the most beneficial way to organize human societies.
Criticism of capitalism is a critique of political economy that involves the rejection of, or dissatisfaction with the economic system of capitalism and its outcomes. Criticisms typically range from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety.
Time on the Cross: The Economics of American Negro Slavery (1974) is a book by the economists Robert Fogel and Stanley L. Engerman. Fogel and Engerman argued that slavery was an economically rational institution and that the economic exploitation of slaves was not as catastrophic as presumed, because there were financial incentives for slaveholders to maintain a basic level of material support for those they held as property. The book was reprinted in 1995 at its twentieth anniversary. The book contradicts the long-standing notion that slavery was economically backwards, underdeveloped the South, and was on the path to extinction before the Civil War broke out. It attracted widespread attention in the media and generated heated controversy and criticism for its methodology and conclusions.
Claudia Dale Goldin is an American economic historian and labor economist. She is the Henry Lee Professor of Economics at Harvard University. In October 2023, she was awarded the Nobel Memorial Prize in Economic Sciences "for having advanced our understanding of women's labor market outcomes”. The third woman to win the award, she was the first woman to win the award solo.
Slavery in Britain existed before the Roman occupation and endured until the 11th century, when the Norman conquest of England resulted in the gradual merger of the pre-conquest institution of slavery into serfdom. Given the widespread socio-political changes, all slaves were no longer recognised separately in English law or custom. By the middle of the 12th century, the institution of slavery as it had existed prior to the Norman conquest had fully disappeared, but other forms of unfree servitude continued for some centuries.
Sven Beckert is Laird Bell Professor of American History at Harvard University, where he teaches the history of the United States in the nineteenth century, and global history. With Christine A. Desan, he is the co-director of the Program on the Study of Capitalism at Harvard University.
Samuel Watkinson Collins (1802–1870) was an American businessman and founder of the Collins Axe Company in Canton, Connecticut.
Walter Johnson is an American historian, and a professor of History and of African and African-American Studies at Harvard University, where he previously (2014–2020) directed the Charles Warren Center for Studies in American History.
Capitalism and Slavery is the published version of the doctoral dissertation of Eric Williams, who was the first Prime Minister of Trinidad and Tobago in 1962. It advances a number of theses on the impact of economic factors on the decline of slavery, specifically the Atlantic slave trade and slavery in the British West Indies, from the second half of the 18th century. It also makes criticisms of the historiography of the British Empire of the period: in particular on the use of the Slavery Abolition Act of 1833 as a sort of moral pivot; but also directed against a historical school that saw the imperial constitutional history as a constant advance through legislation. It uses polemical asides for some personal attacks, notably on the Oxford historian Reginald Coupland. Seymour Drescher, a prominent critic among historians of some of the theses put forward in Capitalism and Slavery by Williams, wrote in 1987: "If one criterion of a classic is its ability to reorient our most basic way of viewing an object or a concept, Eric Williams's study supremely passes that test."
The Half Has Never Been Told: Slavery and the Making of American Capitalism is a book by Edward E. Baptist published in 2014 by Basic Books. Baptist makes the argument that slavery played an essential role in the development of American capitalism, and that enslavers and slave traders were entrepreneurs in a capitalist context. They used enslaved people not just as the economic engine for the production of cotton, the dominant global commodity of the time, but also as collateral to finance the economic development of the nation.
This is a bibliography of works regarding the internal or domestic slave trade in the United States.
Skipwith's Landing was a 19th-century boat landing and human settlement on the east bank of the Mississippi River, located in the county of Issaquena in the U.S. state of Mississippi. Skipwith's Landing was situated about 55 mi (89 km) to 100 mi (160 km) north of Vicksburg, Mississippi, depending on mode of travel. Circa 1866, a witness at a U.S. Congressional hearing described Skipwith's Landing as being among the most sparsely populated sections of the state with no village or town in proximity. Circa 1867, there were no roads leading to or from Skipwith's Landing; the only access was by the river. For a time there was a cut made by the river that was known as Skipwith's Chute. Another related placename was Skipwith Crevasse. There was a U.S. post office at Skipwith's in 1870.
Calvin Schermerhorn is an American historian who specializes in the study of slavery, capitalism, and African-American inequality. Educated at Saint Mary's College of Maryland, Harvard Divinity School and University of Virginia, he teaches at Arizona State University.
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