New Capitalism

New Capitalism- A term used on p. 152 of Zinn's chapter Slavery Without Submission, Emancipation Without Freedom in his book A People's History of the United States. It describes the partnered effort by the North and the South to "overturn" black power. It was an idea that combined the economic expansion the North wanted with the localized slave economy the South wanted, but it was not slavery as it was in the traditional sense. It was still racist as it put blacks in a position of oppression by limiting their liberties socially through racist agendas. This was done by disenfranchisement and segregation as stated on p. 153. New capitalism didn't only hurt blacks though, but poor whites were also taken advantage of by elite whites. It was taking place soon all over hte world as exploitation of all peoples on every continent as stated by W.E.B. DuBois on p. 154.