"This book will attract a lot of attention, and rightly so. It sheds new light of interpretation on North Carolina's historical experience. On a more general level, the work will serve as a model of what Marxian analysis at its near best can say about historical experience in an American context, and that should interest anyone with an open mind on historical interpretation."--Richard Sylla, North Carolina State University

Tables and Figures ix
Acknowledgments xiii
1. Introduction 1
2. The Origins of Industrial Capitalism in North Carolina 22
3. The Relocation of the Cotton Textile Industry, 1895-1939: The Political Economy of the "Stretch-Out" 59
4. Capital, Exploitation, and the State of North Carolina: Theoretical Considerations 94
5. Capital, Exploitation, and the State in North Carolina: From the Civil War to the New Deal and Beyond 106
6. State Economic Development Policy and the Pattern of Postwar Industrialization 157
7. Conclusion: Prospects for the Future 200
Appendix 206
Notes 209
Bibliography 250
Index 268