This post is
an expanded version of a comment that I submitted over at The Junto in response to Benjamin
Park’s review of Matthew Karp’s This Vast
Southern Empire. The Introductory paragraph states that “A generation ago
it was common for historians to talk about the “regressing” southern states in
the decades preceding Civil War,” but that “scholarship from the past couple
decades have put that myth to rest. Michael
O’Brien demonstrated that southerners were intellectuals who
contemplated the most sophisticated issues of modernity. Edward
Baptist showed how the slave institution increased in strength as the
financial staple in America’s capitalistic order. Walter
Johnson and Sven
Beckert displayed how slaveholders were at the forefront of an
increasingly global economy.”
My only concern in regard to this
very informative and well written review is the introductory paragraph. I think
the introduction buys into a false historiography of slavery that some authors,
most notably Edward Baptist, have been trying to sell. I don’t believe that it accurately
characterizes the state of history a generation ago.
I suppose we could argue about what
constitutes a generation ago, but I happened to have a copy of an undergraduate
American History textbook from almost 30 years ago: George Brown Tindall’s America: A Narrative History Volume, 2nd
edition (1988). Tindall wrote on page 371 that “More often than not the
successful planter was a driving newcomer, bent on maximizing profits. While
the profitability of slavery has been a long standing subject of controversy,
in recent years, economic historians have reached the conclusion that the
slaves on average supplied about a 10 percent return on their cost.” He went on
to note that slaves were the most profitable investment available in the South,
and that incomes in the South were not only comparable to the wealthiest
countries in the World, but that in the newer cotton lands incomes were among
the highest in the United States. The view that he presented to undergraduates
almost 30 years ago was of a thriving and successful southern economy based on
slave labor. There is no indication that he thought this was a controversial
interpretation.
Unlike Tindall, some more recent
authors have tried to present a version of the historiography of slavery that
has been stripped of a half century of research by economic historians, as well
as the fact that much of that research had been incorporated into history texts.
My comment ended at this point, but
I will add some detail about the aspects of research in economic history that
have been neglected in some recent work on the history of slavery.
There are three areas of research that
have been largely ignored in a number of recent works on the history of slavery:
1. Research
on the economic nature of slavery. Beginning with the work of Conrad and Mayer
in the 1950s and extending through the work of Fogel and Engerman in the 1970s
and Fogel in the 1990s, economic historians had accumulated a mountain of
evidence that slaveholders were profit maximizing capitalists, that they were
able to generate increases in productivity over a long period of time, and that
they were optimistic about the future of their economic system. To the extent that recent historians have
claimed credit for demonstrating that slavery in the American South was a
dynamic capitalist system they are taking credit for something that had already
been done.
2. Research
on the role of slave produced goods, particularly cotton, in American economic
development. Recently, I noted that
several authors in Slavery’s Capitalism
rely upon Doug North’s theory of economic growth through interregional trade driven
by the South’s specialization in cotton export production. Yet numerous
economic historians had compiled evidence that North’s interpretation
overestimated the role of interregional trade and underestimated the role of
intraregional trade for economic development. The evidence did not support the
conclusion that cotton was the driving force behind economic growth. Second,
much of the work done on early industrialization has emphasized the role of
intraregional trade. Much of early industrialization appears to have been
directed at local demand not demand from the South or Europe. See Robert Gallman,"Self-sufficiency in the Cotton Economy
of the Antebellum South." Agricultural History 44, no. 1
(1970): 5-23; Lawrence
A. Herbst, "Interregional commodity trade from the North to the South and
American economic development in the antebellum period." The
Journal of Economic History 35, no. 01 (1975): 264-270; Colleen M. Callahan,
and William K. Hutchinson. "Antebellum interregional trade in agricultural
goods: preliminary results." The Journal of Economic History 40,
no. 01 (1980): 25-31; Diane Lindstrom Economic
Development in the Philadelphia Region and, more recently, David
Meyer Roots
of American Industrialization or see his essay on Industrialization in
EH.Net’s Encyclopedia.
Ignoring the vast scholarship on the
subject leads to things like Baptist’s attempt to quantify the relative
importance of slave produced cotton, which should be regarded as one of the
most embarrassing moments in the history of American history, as he spends two
pages making up numbers and then summing them. See here.
3. Research on
the negative consequences of slavery for long term economic development. Gavin Wright. "Old south, new south." NY: Basic Books (1986); Stanley Engerman and Kenneth L. Sokoloff. Economic
development in the Americas since 1500: endowments and institutions. Cambridge
University Press, 2012; Nathan Nunn. "Slavery, inequality, and economic
development in the Americas." Institutions and economic
performance (2008): 148-80. As Robert Wright
has recently argued, the fact that enslavers grew rich does not necessarily
imply that slavery enriched the economy as a whole.
While there
is a lot of good work being done on the history of slavery, progress will be
limited to the extent that new scholars buy this false historiography and fail
to address the work done by economic historians over the last half century.
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