Aletho News

Slavery, Cotton and Imperialism

By W.T. Whitney, Jr. | CounterPunch | March 25, 2014

“Cuba is already ours. I feel it in my finger’s ends.”

– James Buchanan, 1849

Historian Walter Johnson’s highly recommended book, “River of Dark Dreams,” centers on cotton production and slave ownership in the Mississippi River Valley prior to the U.S. Civil War. Planters, it seems, believed their fate was linked to imperatives imposed through an internationalized system of sales, manufacture, and re-supply. Johnson’s spirited, enthralling narrative casts slave ownership and cotton growing as precarious undertakings. Planters on the edge of disaster strategized and improvised in order to retain both land and slaves.

Their intransigence vis-à-vis northern compatriots derived, Johnson suggests, from immersion in a labyrinth-like alternative universe that set conditions for their economic survival. Planters were alienated enough from pretensions of their own government to seek deliverance through privatized military interventions in countries seen as hospitable to plantations and slavery.

Johnson focuses on actualities and people’s lives rather than on well-trodden slavery-era themes like abolitionism, or northern industrialization, or states rights . Social and economic history in his hands tells of ledger books; cotton “pickability;” slaves starving, stolen, rebelling, and running away; search dogs; slave babies dying, slave prices, soil fertility, droughts, sandbars, and Haiti. Steamboats feature prominently, along with their explosions, gamblers, races, high-pressure engines, and dining room etiquette. They were technological marvels of their era and absolutely crucial for marketing cotton.

During the period under study, Valley cotton production increased fortyfold, the slave population, 17 times. “The greatest economic boom in the history of the United States” was in progress. Cotton was “the largest single sector of the global economy.” Planters were part of “a network of material connections that stretched from Mississippi and Louisiana to Manhattan and Lowell to Manchester and Liverpool.” Indeed, the “rate of exploitation of slaves in a field in Mississippi … was keyed to the exchange in Liverpool (port of entry for 85 percent of U.S. planters’ cotton) and the labor of mill hands in Manchester.”

In New York southern cotton was re-sold, re-graded, and re-loaded onto other ships for the Atlantic crossing. That city consumed 40 percent of all income generated through cotton sales. Cotton made up two thirds of all U.S. exports. Yet only 10 percent of U.S. imports ended up in cotton-producing states. Southern manufacturers lacked essential equipment manufactured abroad. Cotton producers endured shortages of imported plantations supplies.

Johnson characterizes “the conceptual reach of the global economy in the first half of the nineteenth century” as “lashes into labor into bales into dollars into pounds sterling.” Cotton moved from plantations, to factors in New Orleans, to bankers and shippers in New York, to bankers, buyers, and manufacturers in England, all on a flood of promissory notes, loans, credit, and deductions.

Planters’ wealth took the form of slaves and land. Although land served as collateral for loans, “without slaves, land itself was worthless.” In effect, planters “buy Negroes to plant cotton and raise cotton to buy Negroes.” Facing hard times, slaveholders as a class could not simply transfer their investment from one form of capital to another… Their capital would not simply rust or lie fallow. It would starve. It would steal. It would revolt.”

Influential trade representatives and publicists determined upon a “spatial fix.” They envisioned the Mississippi River as conduit to southern venues favorable to cotton production and other investment possibilities. “In order to survive, slaveholders had to expand,” the author points out: “Proslavery globalism increasingly took the form of imperialist military action.”

“[F]or many in the Mississippi Valley … the most important issue in the early 1850s was Cuba.” Pursing annexation, former Spanish soldier Narciso López in 1851 invaded the island with troops drawn from “the margins of the cotton economy.” Slaveholders had donated supplies. The expedition failed, and López’ execution in Havana attracted 20,000 spectators. Former Mississippi governor and co-conspirator John Quitman raised 1000 men in 1855 for another invasion, which never materialized.

Johnson reviews the career also of slaveholder proxy William Walker whose small army in 1855 subdued Nicaraguan defenders and set him up as the country’s president. Mississippi Valley supporters provided supplies, arms, troops, and ample publicity.

Were slave-owners capitalist? Johnson rejects the notion of slavery as an “archaic” pre-capitalist mode of exploitation. He settles on “a materialist and historical analysis [that] begins from the premise that there was no nineteenth century capitalism without slavery.” […]

Johnson documents early stirrings of U.S. imperialism. The take among many leftists is that capitalism by its very nature entails recurring crises in accumulation. They assume too that for solutions capitalists look to overseas extension of their operations, even to war making. Thus slave owner longings for exploitative possibilities in the Caribbean and in Central America fueled military adventurism. “River of Dark Dreams” serves in this regard to have documented the beginnings of a U.S. turn toward a global fix for close-to-home economic incongruities. – Full review

W.T. Whitney Jr. is a retired pediatrician and political journalist living in Maine.

March 26, 2014 Posted by aletho | Book Review, Economics | Cuba, Mississippi, Narciso López, Slavery, United States, Walter Johnson | Leave a comment