The Williams Thesis, Part II
This is great. Early on there seem to be some missing sections and typos, at least in the Substack app.
What an excellent analytical overview, should be in the textbooks!
Doesn’t answer the question, but both slavery and industrialisation are responses to labour shortages. They are, however, contradictory responses. Hence industrialisation in the Free States and the paucity of it in the Slave States. But that doesn’t stop slave productivity in slave societies (including from the slave trade itself) providing a surplus feeding into industrialisation into a non-slave state.