1. Globalization and Culture
Capitalism & Colonialism II
Week 4
September 20, 2017

2. Marks, Chapter 4
What do we mean by the term industrial
revolution?

3. Marks, Chapter 4
Why was Britain the center of industrialization?

4. Marks, Chapter 4
Why was Britain the center of industrialization?
● Naval power and war
● An industry suited to industrializing = cotton
● Economic structure that allowed for it to take
advantage of that industry = colonialism

5. Marks, Chapter 4
What made cotton key to industrialization?
● There was money to be made and it was rapidly
expanding, so it attracted investment.
● Machinery was cheap, easy to construct, and
promised quick returns.
● Raw materials - extracted from colonies through
slave labor, thus expanding supply; accident of
coal supply and steam power.

6. Thomas Jefferson and Slavery
How has US history tended to
depict Jefferson’s relationship to
slavery?

8. Thomas Jefferson and Slavery
How did that version of the “paradox” of
Jefferson and slavery come to be?

9. Thomas Jefferson and Slavery
Wiencek’s article suggests several innovations
introduced by Jefferson that impacted the
development of slavery and capitalism. What
were they?

10. Thomas Jefferson and Slavery
Wiencek’s article suggests several innovations
introduced by Jefferson that impacted the
development of slavery and capitalism. What
were they?
● Industrialization and diversification/division
of slave labor
● Recognition of the reproduction of enslaved
populations as generating value
● Monetization - use of enslaved people as
collateral

11. George Mason and Slavery

12. George Mason and Slavery
● Owned at least 300
enslaved people
● Did not free enslaved
people in his will
● Co-authored the
Second Amendment
to protect the rights of
southern militias to
hunt escaped slaves

15. Slavery and Globalization
Why are we talking about 18th century slavery
in a class on globalization?

16. Slavery and Globalization
Why are we talking about 18th century slavery
in a class on globalization?
How can we connect this to the Coates article
about reparations? What would make
reparations possible in the US?

17. Slavery and Globalization
Why are we talking about 18th century slavery
in a class on globalization?
How can we connect this to the Coates article
about reparations? What would make
reparations possible in the US?
http://atlantablackstar.com/2013/08/26/17-majo
r-companies-never-knew-benefited-slavery/

18. Karl Marx,
1818-1883

19. The Communist Manifesto
What are the key arguments made by Marx and Engels?

20. The Communist Manifesto
What are the key arguments made by Marx and Engels?
● History is the history of class struggle
● Capitalism produces two classes: the bourgeoisie and
the proletariat

21. Marxism 101
● history & class struggle
● proletariat & bourgeoisie
● commodity
● use value & exchange value
● subsistence
● wage labor
● labor power
● surplus value
● social reproduction
● reserve army