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The 1619   Project



                                                                       fine-tuning of the system, violence
          Fabric of        Modernity:                               lurked. Plantation owners used a       constantly going.’’ Unrestrained
                                                                                                 capitalism holds no monopoly on



          How Southern cotton                                       combination of incentives and pun-  violence, but in making possible the


                                                                    ishments to squeeze as much as pos-  pursuit of near   limitless personal

          became the cornerstone                                    sible out of enslaved   workers. Some     fortunes, often at someone else’s


                                                                    beaten   workers passed out from the     expense, it does put a cash   value
          of a new global                                           pain and   woke up vomiting. Some     on our moral commitments.



                                                                    ‘‘danced’’ or ‘‘trembled’’ with every     Slavery did supplement white
          commodities trade.                                        hit.   An 1829 first-person account     workers with what  W. E. B. Du Bois



                                                                    from   Alabama recorded an over-  called a ‘‘public and psychological


                                                                    seer's shoving the faces of women     wage,’’   which allowed them to roam


          By Mehrsa Baradaran                                       he thought had picked too slow into     freely and feel a sense of entitle-

                                                                    their cotton baskets and opening up     ment. But this, too, served the inter-


                                                                    their backs.     To the historian Edward     ests of money. Slavery pulled down
                                                                    Baptist, before the Civil   War, Amer-  all   workers’ wages. Both in the cit-


                                                                    icans ‘‘lived in an economy   whose     ies and countryside, employers had






                                                                    bottom gear   was torture.’’     access to a large and flexible labor

                                                                      There is some comfort, I think,     pool made up of enslaved and free

                                                                    in attributing the sheer brutality of     people. Just as in today’s gig econ-

                                                                    slavery to dumb racism.   We imag-  omy, day laborers during slavery’s


          Cotton produced under     misunderstanding between        ine pain being inflicted somewhat     reign often lived under conditions





          slavery   created a worldwide     two parties on time of   deliv-  at random, doled out by the ste-  of scarcity and uncertainty, and



          market that brought togeth-  ery? Legal concepts   we still   reotypical   white overseer, free but     jobs meant to be   worked for a few

          er the Old   World and the     have to this day, like ‘‘mutu-  poor. But a good many overseers     months were   worked for lifetimes.



          New: the industrial textile     al mistake’’ (the notion that     weren’t allowed to   whip at will.     Labor power had little chance   when



          mills of the Northern states     contracts    can  be voided     Punishments were   authorized by     the bosses could choose between



          and England, on the one     if both parties relied on     the higher-ups. It   was not so much     buying people, renting them, con-



          hand, and the cotton planta-  a mistaken assumption),     the rage of the poor   white South-  tracting indentured servants, taking




          tions of the   American South     were developed to deal     erner but the greed of the rich     on apprentices or hiring children



          on the other.   Textile mills in     with these issues.    Textile     white planter that drove the lash.     and prisoners.
          industrial centers like Lan-  merchants needed to pur-    The violence was neither arbitrary     This not only created a stark-






          cashire, England, purchased     chase cotton in advance of     nor   gratuitous. It was rational, cap-  ly   uneven playing field, dividing



          a majority of cotton exports,     their own production,   which   italistic, all part of the plantation’s     workers from themselves; it also


          which    created worldwide     meant that farmers need-   design. ‘‘Each individual having a     made ‘‘all nonslavery appear    as



                                         way to sell goods they
          trade hubs in London and     ed a                         stated number   of pounds of cot-  freedom,’’ as the economic histo-




          New York   where merchants     had not   yet grown; this led     ton to pick,’’ a formerly   enslaved     rian Stanley Engerman has   written.





          could trade in, invest in,     to the invention of   futures     worker,   Henry Watson, wrote in   Witnessing the horrors of slavery





          insure and speculate on the     contracts and, arguably, the     1848,    ‘‘the  deficit  of which was     drilled into poor white   workers


          cotton- commodity   market.     commodities markets still in     made up by as many lashes being     that things could be   worse. So they

          Though trade in other   com-  use today.                  applied to the poor slave’s back.’’     generally accepted their lot, and


          modities existed,   it was cot-  From   the first decades     Because overseers closely   moni-  American freedom became broadly






          ton (and the earlier trade in     of the 1800s, during the     tored   enslaved workers’ picking     defined as the opposite of bondage.
          slave-produced sugar from     height of the trans-Atlantic     abilities, they assigned each work-  It was a freedom that understood


          the Caribbean) that accel-  cotton trade, the sheer size     er a unique quota. Falling short of   what it



                                                                                                        was against but not what it
          erated worldwide    com-  of   the market and the esca-   that quota could get   you beaten,     was for; a malnourished and mean



          mercial markets in the 19th     lating number of disputes     but overshooting   your target could     kind of freedom that kept   you out




          century, creating demand     between counterparties       bring misery the next day, because     of chains but did not provide bread

          for    innovative contracts,     was such that courts and     the master might respond by rais-  or shelter. It   was a freedom far too

          novel financial products   and     lawyers began to articulate     ing   your picking rate.     easily pleased.

                       o
          modern forms     f insurance     and codify   the common-law     Profits from heightened pro-
          and credit.               standards regarding con-        ductivity   were harnessed through     In recent decades,      America has

            Like all agricultural goods,     tracts. This   allowed inves-  the anguish of the enslaved.   This     experienced the financialization





          cotton is prone to   fluctua-  tors and traders to mit-   was   why the fastest cotton pick-  of its economy. In 1980, Congress




          tions in quality depending     igate their    risk through     ers   were often whipped the most.     repealed regulations that had been

          on crop type, location and     contractual arrangement,       It was why punishments rose and     in place since the 1933 Glass-Steagall






          environmental conditions.     which   smoothed the flow     fell   with global market fluctuations.     Act, allowing banks to merge and


          Treating it as a commodi-  of goods and money.   Today     Speaking of cotton in 1854, the fugi-  charge their customers higher inter-



          ty   led to unique problems:     law    students still study     tive slave John Brown remembered,     est rates. Since then, increasingly

          How    would damages be     some of these pivotal cases     ‘‘When the price rises in the English     profits have accrued not by trading



          calculated if the    wrong     as they learn doctrines like     market, the poor   slaves immediate-  and producing goods and services



          crop was sent? How   would     forseeability, mutual mis-  ly feel the eff  ects, for they are harder     but through financial instruments.




          you assure that there   was no     take and damages.      driven, and the   whip is kept more     Between 1980 and 2008, more
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