Accounting for Slavery characters ¿ 7

review Accounting for Slavery

Accounting for Slavery characters ¿ 7 Æ A Five Books Best Economics Book of the YearA Politico Great Weekend ReadAbsolutely compelling Diane CoyleThe evolution of modern management is usually associated with good old fashioned intelligence and ingenuity But capitalism is not just about the free market; it was also built on the backs of slaves Agement They took meticulous notes carefully recording daily profits and productivity and subjected their slaves to experiments and incentive strategies comprised of rewards and brutal punishment Challenging the traditional depiction of slavery as a barrier to innovation Accounting for Slavery shows how elite planters turned their power over enslaved people into a productivity advantage The result is a groundbreaking investigation of business practices in Southern and West Indian plantations and an essential contribution to our understanding of slavery's relations. This book was eye opening and uite appalling in the detailed management of people Owners would place a capital value based on various traits; value created monetary reliance on their slavesOnce emancipation took place it still didn’t end The slaves were placed under contract but they were manipulated until in debt to the owners For example they would penalize their earnings for anything like being sick or lost time for any reason This uickly erased earningsStates like Mississippi would add additional laws around contracts to legally constrict their ability to really be free For example making vagrancy illegal renting land outside the city was illegal and dramatically restricted the ability to uit during contract terms Before emancipation plantation owners were meticulous in analyzing labor efficiently and human value; later they simply focused on keeping people working as much as possible; which lead to long grueling daysAlso former slaves were often tricked into poor contracts since many could not read or write They were not euipped to handle freedom; this allowed owners to stop housing and feeding them if they chose profit over efficiencyBeing free did not mean much immediately Debt peonage allowed plantation owners to manipulate their debt levels; which meant they could decide who stayed or who was let go Even if they were able to stay out of debt there were laws that constrained their choices And low and behold just like in 2020 there were campaigns using violence and intimidation of black voters; this helped bring southern planters to controlThe accounting efforts at that time appeared to be extremely detailed before and after emancipation; just a slightly different focus from the value of each slave and measuring human capital depreciation to supporting contract manipulation and complexity The economy of the region did not support capitalistic ideals after emancipation; it didn’t recover until the New Deal What is uite interesting is the South has largely remained a low wage region due to plantation owners refusal to increase wages for freedpeople at that time; that culture remains todayVery detailed book highlighting the link between efficient business practices and managing humans as capital There are business practices today that reflect these methods; that linkage was eye opening

read Õ eBook, PDF or Kindle ePUB È Caitlin Rosenthal

A Five Books Best Economics Book of the YearA Politico Great Weekend ReadAbsolutely compelling Diane CoyleThe evolution of modern management is usually associated with good old fashioned intelligence and ingenuity But capitalism is not just about the free market; it was also built on the backs of slaves ForbesThe story of modern management generally looks to the factories of England and New England for its genesis But after scouring through old accounting books Caitlin Rosenthal discovered that Southern planter capitalists practiced an early form of scientific man. Couldn't recommend highly A study on how uantitative systems can be used to rationalize and sanitize horror Interesting to read right after finishing Eichmann in Jerusalem

Caitlin Rosenthal È 7 download

Accounting for SlaveryHip with capitalismSlavery in the United States was a business A morally reprehensible and very profitable business Rosenthal argues that slaveholderswere using advanced management and accounting techniues long before their northern counterparts Techniues that are still used by businesses today Marketplace American Public MediaRosenthal pored over hundreds of account books from US and West Indian plantations She found that their owners employed advanced accounting and management tools including depreciation and standardized efficiency metrics Harvard Business Revi. From the book's conclusion This book brings together two very different kinds of history business history and the history of slavery These fields rarely intersect They are studied by different groups of scholars who attend different conferences and ask different uestions But each field has something new to offer the otherThe author Caitlin Rosenthal started this book after working as a management consultant with McKinsey Company which offered her a background I found interesting As I read the book I found myself freuently jarred by the way she was able to draw lines between current business practices and how things were run on sugar and cotton plantations Gantt charts were a great example I won't put her whole analysis here but I will say that I found this to be a rather uick read only 200 pages without the endnotes So if you are interested in these topics I urge you to give it a read In a nutshell when attributing the source of modern business practices in the United States business schools often omit the rather sophisticated practices of slavery and start with northern factories But that's wrong Heck even the white people overseeing the slaves in the field were literally called bookkeepers And I don't mean that to be a knock on my bookkeeper friends but it's important to know your history Given today's political climate I was particularly interested in the chapter that analyzed how plantations practices adjusted post civil war and how the need for low cost labor shifted to Jim Crow immigrants convicts and only with the greatest reluctance slightly better working environments