Capitalism relied on the brutal exploitation of enslaved Africans from "summary" of Capitalism & Slavery by Eric Eustace Williams
The economic system of capitalism was built on the backs of enslaved Africans. The wealth and power accumulated by European nations during the era of colonization were directly tied to the exploitation of African labor. The transatlantic slave trade provided a cheap and abundant source of labor for capitalist enterprises, allowing for the production of goods at a fraction of the cost. Enslaved Africans were subjected to brutal conditions, forced to work long hours in harsh environments for little to no pay. The profits generated from their labor were used to fuel the growth of industries such as sugar, cotton, and tobacco, which in turn enriched the European elite. The wealth extracted from the labor of enslaved Africans was instrumental in the development of capitalism as a global economic system. The expansion of capitalism relied on the continu...
Similar Posts
The struggle for equality continues today
The fight for equality is a battle that has raged on for centuries. It is a struggle that has been fought on many fronts, from ...
Climate change is a global challenge that requires international cooperation
Climate change is a pressing issue that transcends national boundaries. It is a problem that affects every country on the plane...
Struggle for equality
The problem of the twentieth century is the problem of the color-line. It is a problem that has haunted America since its birth...
The transatlantic slave trade was a cornerstone of capitalist expansion
The emergence and expansion of capitalism in the Western world were directly intertwined with the transatlantic slave trade. Th...