Unit 4 Capitalism and Slavery

Front

What was the relationship between plantation slavery and capitalism during their concurrent rise, according to the text?

Back

Plantation slavery and capitalism supported each other.

Front

What was a significant belief of proponents of modern capitalism during the fifteenth to eighteenth centuries? Options: Capitalism was beneficial only for the elite, Free markets in goods and labor would improve the world, Capitalism should be restricted to certain regions, Capitalism was inherently unethical

Back

Free markets in goods and labor would improve the world

Front

What role did the Dutch East India Company play in the spread of capitalism?

Back

It helped spread practices like bonds and joint-stock companies.

Front

How did chattel slavery develop in relation to capitalism in the Atlantic world?

Back

Enslaved people were considered property within the capitalist system

Front

According to the text, what is still debated about the relationship between capitalism and slavery? Options: Whether capitalism was necessary for the development of slavery, Whether slavery could exist without capitalism, Whether capitalism helped to end or perpetuate slavery, Whether slavery was more profitable than capitalism

Back

Whether capitalism helped to end or perpetuate slavery

Front

According to the text, what is one of the central principles of capitalism? Options: Capitalism operates best with high levels of government interference., Capitalism is based on the exploitation of workers., In capitalism, a buyer and a seller negotiate freely to determine fair prices., Capitalism requires that all workers are paid equally.

Back

In capitalism, a buyer and a seller negotiate freely to determine fair prices.

Front

What do some historians argue about the impact of capitalism on slavery?

Back

Capitalism helped end slavery by making it economically inefficient.

Front

What argument do U.S. historians like Eugene Genovese and Mary Beard make about wage workers in the industrial north compared to enslaved workers in the plantation south?

Back

Wage workers were more efficient than enslaved workers.

Front

According to the text, what role did slave labor play in the industrialization of the 19th century?

Back

It was crucial in producing cotton for textile machines.

Front

Which of the following best describes the view of historians like Eric Williams on the profits from the Atlantic slave trade? The profits were insignificant and had little impact on society. The profits were used to fund scientific and technical advances. The profits were used to abolish slavery. The profits were reinvested into further expansion of slave labor.

Back

The profits were used to fund scientific and technical advances.