New Books in Economic and Business History

Joshua Rothman’s The Ledger and the Chain: How Domestic Slave Traders Shaped America was published by Basic Books in 2021, and tells a sprawling history of slave traders in America. Often presented as outcasts and social pariahs, slave traders were often instead wealthy and respected members of their communities. Rothman explores the lives and careers of Isaac Franklin, John Armfield, and Rice Ballard to show just what the work of a domestic slave trader looked like and the devastating affects their actions had on enslaved people. By weaving together a history the lives of men who created one of the most powerful slave trading operations in America, Rothman is able to show how slavery’s expansion and growth occurred up to the Civil War.Joshua Rothman is a professor of history at the University of Alabama. Learn more about your ad choices. Visit megaphone.fm/adchoices

As Twitter enters its own adolescence, both the users and the creators of this famous social media platform find themselves engaging with a tool that certainly could not have been imagined at its inception. In their engaging book Twitter: A Biography (NYU Press, 2020), Jean Burgess and Nancy K. Baym (@nancybaym) tell the fascinating and surprising story of how this platform developed from a quirky SMS tool for publicly sharing intimate details of personal life to a major source of late-breaking news, political activism, and even governmental communication. This story explores how many of Twitter's most ubiquitous and iconic conventions were not systematically rolled out from a centralized corporate strategy, but so often driven by users who continued to innovate within the limitations of the platform they had to democratically create the platform they desired. Yet this story highlights the tensions along the way as Twitter has adapted to new and unforeseen challenges, business models, and social consequences as the experiments of social media have become increasingly powerful, influential, and contested. This book is a must read for anyone interested in the wild and changing landscape of internet communication and communities. Ryan David Shelton (@ryoldfashioned) is a social historian of British and American Protestantism and a PhD researcher at Queen’s University Belfast. Learn more about your ad choices. Visit megaphone.fm/adchoices

For over a century Mexico has been embroiled in a drug war dictated by the demands of their neighbor to the north. In The Dope: The Real History of the Mexican Drug Trade (W. W. Norton, 2021), Benjamin T. Smith offers a history of the trade and its effects upon the people of Mexico. As he reveals, at the start of the 20th century drugs such as marijuana and opium were largely on the margins of Mexican society, used mainly by soldiers, prisoners, and immigrants. The association of marijuana with a bohemian subculture in the early 1920s prompted the first punitive laws against it, while the use of opium by Chinese immigrants led Mexican officials to target the drug as a means to arrest the country’s Chinese population.Yet the drug trade thrived thanks to the growing demand for marijuana and heroin in the United States. In response, American officials pressured their Mexican counterparts to end drug production and distribution in their country, even to the point of ending the effort to provide heroin in a regulated way for the country’s relatively small population of heroin addicts. Yet these efforts often foundered on the economic factors involved, with many government officials protecting the trade either for personal profit or for the financial benefits the trade provided to their states. This trade only grew in the postwar era, as the explosion of drug use in the 1960s and the crackdown on the European heroin trade made Mexico an increasingly important supplier of narcotics to the United States. The vast profits to be made from this changed the nature of the trade from small-scale family-managed operations to much more complex organizations that increasingly employed violence to ensure their share of it. As Smith details, the consequences of this have proven enormously detrimental both to the Mexican state and to the Mexican people. Learn more about your ad choices. Visit megaphone.fm/adchoices

During the middle decades of the twentieth century, the production of America’s consumer culture was centralized in New York to an extent unparalleled in the history of the United States. Every day tens of thousands of writers, editors, artists, performers, technicians, and secretaries made advertisements, produced media content, and designed the shape and feel of the consumer economy. While this centre of creativity has often been portrayed as a smoothly running machine, within these offices many white-collar workers challenged the managers and executives who directed their labours.Shannan Clark. author of The Making of the American Creative Class: New York's Culture Workers and 20th-Century Consumer Capitalism (Oxford UP, 2020), speaks with Pierre d’Alancaisez about the origins of the creative class, their labour union struggles and successes, the role of the Works Projects Administration, and institutions like the Design Laboratory and Consumer Union which foretell the experiences of today’s culture workers. Pierre d’Alancaisez is a contemprary art curator, cultural strategist, researcher. Sometime scientist, financial services professional. Learn more about your ad choices. Visit megaphone.fm/adchoices

The story of the driver is the story of Atlantic slavery. Starting in the seventeenth-century Caribbean, enslavers developed the driving system to solve their fundamental problem: how to extract labor from captive workers who had every reason to resist. In this system, enslaved Black drivers were tasked with supervising and punishing other enslaved laborers.In The Driver’s Story: Labor and Power in the World of Atlantic Slavery (U Pennsylvania Press, 2024), Randy M. Browne illuminates the predicament and harrowing struggles of these men―and sometimes women―at the heart of the plantation world. What, Browne asks, did it mean to be trapped between the insatiable labor demands of white plantation authorities and the constant resistance of one’s fellow enslaved laborers?In this insightful and unsettling account of slavery and racial capitalism, Browne shows that on plantations across the Americas, drivers were at the center of enslaved people’s working lives, social relationships, and struggles against slavery. Drivers enforced labor discipline and confronted the resistance of their fellow enslaved laborers, aiming to maintain a position that helped them survive in a world where enslaved people were treated as disposable. Drivers also protected the people they supervised, negotiating workloads and customary rights to essentials like food and rest with white authorities. Within the slave community, drivers helped other enslaved people create a sense of belonging, as husbands and fathers, as Big Men, and as leaders of diasporic African “nations.” Sometimes, drivers even organized rebellions, sabotaging the very system they were appointed to support.Compelling and original, The Driver’s Story enriches our understanding of the never-ending war between enslavers and enslaved laborers by focusing on its front line. It also brings us face-to-face with the horror of capitalist labor exploitation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert Darnton, Professor emeritus at Harvard, is a leading expert in book history and the French Revolution. In this discussion, he delves into the vibrant yet cutthroat book trade of the late 18th century, showcasing how piracy flourished in the 'Fertile Crescent' as publishers smuggled banned works by renowned authors like Rousseau and Voltaire into France. He examines the complexities of intellectual property, censorship, and how the democratization of literature reshaped public engagement, ultimately paving the way for Enlightenment ideas in a rapidly evolving society.

John Eglin talks with Jana Byars about The Gambling Century: Commercial Gaming in Britain from Restoration to Regency (Oxford UP, 2023). Gambling captures as nothing else the drama of the "long eighteenth century" between the age of religious wars and the age of revolutions. The society that was confronted with games of chance pursued as commercial ventures also came to grips with unprecedented social mobility, floated by new wealth from new sources created fortunes from trade in sugar, cotton, ivory, silk, tea, or enslaved human beings. Likewise, play for money was prominent in the public imagination as money itself, deployed through an ever expanding and ever more sophisticated range of mechanisms, increasingly invaded public awareness, as when prospective spouses in period fiction were rated in terms of annual income as if they were municipal bonds. Similarly, the archetypal figure of the gambler captured the imagination of the public in fiction, media, and politics. At the same time, new interest in science, technology, engineering, and mathematics - encouraged and bankrolled by those in power - fostered a new and unprecedented appreciation for mathematical probability and its applications, opening the possibility that games of chance might be pursued as a profitable commercial venture. The Gambling Century focuses like no previous work on those who enabled, facilitated, and profited from gambling, as well as on efforts to regulate or outlaw it. Using extensive archival material as well as printed sources, it follows its subjects from the Court to the coffeehouse, to private clubs and "at homes" in townhouses, all of which prefigure that quintessentially modern gambling space, the casino. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many authors have written about the Manila Galleons, the massive ships that took goods back and forth between Acapulco and Manila, ferrying silver one way, and Chinese-made goods the other.But how did the Galleons actually work? Who paid for them? How did buyers and sellers negotiate with each other? Who set the rules? Why on earth did the shippers decide to send just one galleon a year?Juan José Rivas Moreno dives into these questions in his book The Capital Market of Manila and the Pacific Trade, 1668-1838: Institutions and Trade during the First Globalization (Palgrave Macmillan, 2024).Juan José Rivas Moreno is a historian of early modern finance, specialising in the financing of the Pacific trade. He obtained his PhD in Economic History from London School of Economics in 2023 with a thesis on the capital market of Manila which received the Coleman Prize 2024. Juan José was the recipient of a Newberry Library short-term fellowship and held an Economic History Society Fellowship in 2023-2024. Currently he is a Max Weber fellow at the European University Institute in Florence.You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of The Capital Market of Manila and the Pacific Trade. Follow on Twitter at @BookReviewsAsia.Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices

How do ordinary people write the stories of their lives? In A Hundred English Working-Class Lives, 1900-1945 (Palgrave MacMillan, 2024), Rebecca Ball, a lecturer in history at Manchester Metropolitan University, presents the microhistory of a series of working-class autobiographies. Ranging from childhood experiences, through education, work, marriage and death, the book draws on the hundred voices to paint a rich and evocative picture of working-class life. These lives are lived against the backdrop of huge global events, not least of which are two world wars. Yet what comes through is the sense of continuity of everyday life even in the face of such huge social change. Offering theoretical reflection for historians as well as being accessible to general readers, the book is essential reading for anyone interested in understanding life in the first half of the twentieth century. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Alisa interviews Dr. Marianne Kamp to celebrate the release of her new book, Collectivization Generation: Oral Histories of a Social Revolution in Uzbekistan, recently published by Cornell University Press. Collectivization Generation is a history of agricultural collectivization in Soviet Uzbekistan that relies on oral history accounts: we meet Uzbeks who were driven from their homes by bandits, whose fathers disappeared in the Stalinist gulag, who suffered starvation and orphanhood. We also meet Uzbeks who told of embracing the project of collectivization, of feeling rewarded with dignity, recognition, pay, association with national triumphs, and with the progress represented by a tractor.In the interview, Dr. Kamp shares insights into her interactive approach to history, the process of collaboration, and the challenges of working with such a colossal body of narrative and putting it out into the world. Learn more about your ad choices. Visit megaphone.fm/adchoices