By Martin Ruef
At the guts of the upheavals introduced via emancipation within the American South was once the industrial and social transition from slavery to fashionable capitalism. In Between Slavery and Capitalism, Martin Ruef examines how this institutional switch affected participants, enterprises, and groups within the overdue 19th century, as blacks and whites alike discovered to navigate the shoals among diversified fiscal worlds. examining trajectories between typical Southerners, this can be might be the main vast sociological remedy of the transition from slavery seeing that W.E.B. Du Bois's Black Reconstruction in America.
In the aftermath of the Civil struggle, uncertainty used to be a pervasive function of lifestyles within the South, affecting the commercial habit and social prestige of former slaves, Freedmen's Bureau brokers, planters, retailers, and politicians, between others. Emancipation introduced primary questions: How may still emancipated slaves be reimbursed in salary contracts? What occupations and sophistication positions will be open to blacks and whites? What different types of agricultural tenure might persist? And what paths to fiscal progress will be doable? to appreciate the escalating uncertainty of the postbellum period, Ruef attracts on a variety of qualitative and quantitative information, together with a number of thousand interviews with former slaves, letters, exertions contracts, memoirs, survey responses, census documents, and credits reports.
Through a resolutely comparative technique, Between Slavery and Capitalism identifies profound alterations among the commercial associations of the previous and New South and sheds new mild on how the legacy of emancipation keeps to impact political discourse and race and sophistication family today.
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Additional info for Between Slavery and Capitalism: The Legacy of Emancipation in the American South
This book critically evaluates the continuity of economic institutions in the late nineteenth-and early twentieth-century South. It starts with the assumption that we cannot understand the legacy of American slavery and emancipation without a systematic assessment of the changes in socioeconomic status experienced by both whites and blacks over this period. In developing this assessment, the book employs both interpretive and quantitative methods. The interpretive analyses draw on a large data set comprising over three thousand oral interviews conducted with former slaves by the Works Progress Administration (WPA), as well as letters, memoirs, survey responses, and other narratives from a variety of sources.
27 The sexual stereotyping invoked in discussions of slave markets is thus fundamentally different from that in discussions of wage labor markets, with the extent of ownership over labor (literally, including reproduction) representing a key moderating variable. The time horizon of labor ownership affects statistical discrimination for other demographic categories. In modern free labor markets, child labor is either avoided altogether (due to the regulatory oversight by third parties) or subject to very low wages.
56 The mercantile agencies that had conducted formal credit ratings for decades in other parts of the United States penetrated the postbellum South at a brisk pace. G. Dun and Company only had two branch offices in the Lower South, located in New Orleans and Charleston. By 1890, the numbers of these offices had swelled to ten, with new locations in Atlanta, Birmingham, Columbus, Macon, Mobile, Montgomery, Transformation and Uncertainty • 15 Savannah, and Shreveport. 58 The urban economy of the Cotton South also flourished in the decades after the Civil War.
Between Slavery and Capitalism: The Legacy of Emancipation in the American South by Martin Ruef