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Shackles and Dollars

Stashed in: History!

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Excellent breakdown of the war between history and economics around the most contentious of topics: slavery.

First time I've heard the phrase "war capitalism".

Historians also want to come up with a new way of writing about economic change, Berkeley’s Rosenthal says, one that brings politics and power back into the mix. Beckert, for example, coined the phrase "war capitalism" to describe the violent phase of development that laid the foundation for the more familiar industrial capitalism that began in Britain in the late 18th century. War capitalism was based on "slavery, the expropriation of indigenous peoples, imperial expansion, armed trade, and the assertion of sovereignty over people and land by entrepreneurs," he writes in Empire of Cotton.