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This book engages in the long-standing debate on the relationship between capitalism and colonialism. Specifically, Rönnbäck and Broberg study the interaction between imperialist policies, colonial institutions and financial markets. Their primary method of analysis is examining micro- and macro-level data relating to a large sample of ventures operating in Africa and traded on the London Stock Exchange between 1869 and 1969. Their study shows that the relationship between capital and colonialism was highly complex. While return from investing in African colonies on average was not extraordinary, there were certainly many occasions when investors enjoyed high return due to various forms of exploitation. While there were actors with rational calculations and deliberate strategies, there was also an important element of chance in determining the return on investment – not least in the mining sector, which overall was the most important business for investment in African ventures during this period. This book finally also demonstrates that the different paths of decolonization in Africa had very diverse effects for investors.
Sub-Saharan Africa is the poorest region in the world. But its current status has skewed our understanding of the economy before colonization. Rönnbäck reconstructs the living standards of the population at a time when the Atlantic slave trade brought money and men into the area, enriching our understanding of West African economic development.
Much scholarship on the British transatlantic slave trade has focused on its peak period in the late eighteenth century and its abolition in the early nineteenth; or on the Royal African Company (RAC), which in 1698 lost the monopoly it had previously enjoyed over the trade. During the early eighteenth-century transition between these two better-studied periods, Humphry Morice was by far the most prolific of the British slave traders. He bears the guilt for trafficking over 25,000 enslaved Africans, and his voluminous surviving papers offer intriguing insights into how he did it. Morice’s strategy was well adapted for managing the special risks of the trade, and for duplicating, at lower c...
In the recent cultural heritage boom, community-based and national identity projects are intertwined with interest in cultural tourism and sites of the memory of enslavement. Questions of historical guilt and present responsibility have become a source of social conflict, particularly in multicultural societies with an enslaving past. This became apparent in the context of the Black Lives Matter movement in 2020, when statues of enslavers and colonizers were toppled, controversial debates about streets and places named after them re-ignited, and the European Union apologized for slavery after the racist murder of George Floyd. Related debates focus on museums, on artworks acquired unjustly i...
Develops a fresh non-Eurocentric analysis of the rise and development of the global economy in the last half-millennium.
Coffee from East Africa, wine from California, chocolate from the Ivory Coast - all those every day products are based on labour, often produced under appalling conditions, but always involving the combination of various work processes we are often not aware of. What is the day-to-day reality for workers in various parts of the world, and how was it in the past? How do they work today, and how did they work in the past? These and many other questions comprise the field of the global history of work – a young discipline that is introduced with this handbook. In 8 thematic chapters, this book discusses these aspects of work in a global and long term perspective, paying attention to several kinds of work. Convict labour, slave and wage labour, labour migration, and workers of the textile industry, but also workers' organisation, strikes, and motivations for work are part of this first handbook of global labour history, written by the most renowned scholars of the profession.
This book links the trade of the Danish and Swedish East India companies to the British taste for tea, a Scandinavian craving for colourful Chinese silk textiles, import substitutions schemes and natural history in the eighteenth century. It is a global history exploring the exchange of silver for goods in Canton. It is also a European history studying the wholesale market for Asian goods in Gothenburg and Copenhagen, the formation of taste and the impact of fashion in the blending of tea and the assortments of colours on wrought silk destined for markets across Europe. Linking material history to political economy and the histories of science, this book ends on the threshold of the nineteenth century, the rise of the second British Empire in Asia, and the creation of synthetic dyes in Europe.
Debates about the origins and effects of European rule in the non-European world have animated the field of economic history since the 1850s. This pioneering text provides a concise and accessible resource that introduces key readings, builds connections between ideas and helps students to develop informed views of colonialism as a force in shaping the modern world. With special reference to European colonialism of the nineteenth and twentieth centuries in both Asia and Africa, this book: • critically reviews the literature on colonialism and economic growth; • covers a range of different methods of analysis; • offers a comparative approach, as opposed to a collection of regional histories, deftly weaving together different themes. With debates around globalization, migration, global finance and environmental change intensifying, this authoritative account of the relationship between colonialism and economic development makes an invaluable contribution to several distinct literatures in economic history.
The question of the impact of slavery has gained new importance in debates on the history of economic development, capitalism and inequality. This edited volume explores how Atlantic slaved-based economic activities and their spin-offs have contributed to the economic development of Europe. The contributions to this volume each provide new data and methods for assessing the impact of Atlantic slavery, the slave trade and slave-related economic activities on Europe’s economic development. It traces this impact across Europe, from maritime and colonizing regions to landlocked regions, of which, the ties to the Atlantic slavery complex might seem less obvious at first glance. Together the studies of this volume indicate that slavery and colonialism played a pivotal role in the rise of Europe and globally diverging economic fortunes. The chapters in this book were originally published as a special issue of the journal Slavery & Abolition.