Banking on Slavery: Financing Southern Expansion in the Antebellum United States

A sobering excavation of how deeply nineteenth-century American banks were entwined with the institution of slavery.

It’s now widely understood that the fullest expression of nineteenth-century American capitalism was found in the structures of chattel slavery. It’s also understood that almost every other institution and aspect of life then was at least entangled with—and often profited from—slavery’s perpetuation. Yet as Sharon Ann Murphy shows in her powerful and unprecedented book, the c...