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"In The Ledger and the Chain, prize-winning historian Joshua D. Rothman tells the disturbing story of the Franklin and Armfield company and the men who built it into the largest and most powerful slave trading company in the United States. In so doing, he reveals the central importance of the domestic slave trade to the development of American capitalism and the expansion of the American nation. Few slave traders were more successful than Isaac Franklin, John Armfield, and Rice Ballard, who ran Franklin and Armfield, and none were more influential. Drawing on source material from more than thirty archives in a dozen states, Rothman follows the three traders through their first meetings, the rise of their firm, and its eventual dissolution. Responsible for selling between 8,000 and 12,000 slaves from the Upper South to Deep South plantations over a period of eight years in the 1830s, they ran an extensive and innovative operation, with offices in New Orleans and Alexandria in Louisiana and Natchez in Mississippi. They advertised widely, borrowed heavily from bankers and other creditors, extended long term credit to their buyers, and had ships built to take slaves from Virginia down to New Orleans. Slavers are often misremembered as pariahs of more cultivated society, but as Rothman argues, the men who perpetrated the slave trade were respected members of prominent social and business communities and understood themselves as patriotic Americans. By tracing the lives and careers of the nation's most notorious slave traders, The Ledger and the Chain shows how their business skills and remorseless violence together made the malevolent entrepreneurialism of the slave trade. And it reveals how this horrific, ubiquitous trade in human beings shaped a growing nation and corrupted it in ways still powerfully felt today"--
About the author
Joshua D. Rothman is professor of history and chair of the department of history at the University of Alabama. He is the author of two prize-winning books, Flush Times and Fever Dreams and Notorious in the Neighborhood. He lives in Birmingham and Tuscaloosa, Alabama.
Summary
An award-winning historian’s “searing" (Wall Street Journal) account of America's internal slave trade—and its role in the making of America
Slave traders are peripheral figures in most histories of American slavery. But these men—who trafficked and sold over half a million enslaved people from the Upper South to the Deep South—were essential to slavery's expansion and fueled the growth and prosperity of the United States.
In The Ledger and the Chain, acclaimed historian Joshua D. Rothman recounts the shocking story of the domestic slave trade by tracing the lives and careers of Isaac Franklin, John Armfield, and Rice Ballard, who built the largest and most powerful slave-trading operation in American history. Far from social outcasts, they were rich and widely respected businessmen, and their company sat at the center of capital flows connecting southern fields to northeastern banks. Bringing together entrepreneurial ambition and remorseless violence toward enslaved people, domestic slave traders produced an atrocity that forever transformed the nation.
Foreword
An award-winning historian's "searing account" (The Wall Street Journal) of America's internal slave trade-and its role in the making of America
