“[Eric Williams’ Captialism & Slavery] is not an essay in ideas or interpretation. It is strictly an economic study of the role of Negro slavery and the slave trade in providing the capital which financed the Industrial Revolution in England and of mature industrial capitalism in destroying the slave system. It is therefore first a study in English economic history and second in West Indian and Negro history. It is not a study of the institution of slavery but of the contribution of slavery to the development of British capitalism.”

Source: Eric Williams, Preface of Capitalism & Slavery, September 12, 1943.

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