The Atlantic Slave Trade is one of those topics that has a lot of controversies. There are people who believe that the trade did not influence the Americas and the Atlantic, while others believe that it did. The Atlantic Slave Trade did have an impact in the Americas and the Atlantic based on the book “Africa in World History.” Therefore, this is the view that will be presented in this paper. In order to understand how the trade had an impact, one must understand its past, how was the Atlantic Slave Trade different from other trades, and why were Africans the ones chosen for the trade. The Atlantic Slave Trade is known as the time period in which European navigators and settles captured Africans in order to get a profit on farming.
There, labour was needed and labour was available but in different places. The need for labour sprang from the inherent demographic difference between the Americas and South Asia, from the impact of European expansion and from the specific labor tasks that the colonists required. The Atlantic slave trade paid much attention to the role of the slave trade in British North America and West Indian colonies. According to Kenneth Morgan (2007: 18) “the transatlantic slave trade was an important business enterprise within the British Empire for nearly a century and a half, from the restoration of the Stuart monarchy in 1660 until the trade was abolished in 1807”. In this period the slave trade and its capital turnover made a substantial contribution to the economic development of the British Empire.
Topic: The impact of the Atlantic Trade System on the birth of capitalism. Thesis Statement: The Atlantic Slave Trade played a significant role in the birth and development of capitalism in a positive way in Western World. Slaves sold as a property for profit and these profits contributed to the growth of modern finance and also slave labor in the plantation for Atlantic trade contributed to the development of capitalism in a way that it enabled more production and stimulated the economy of time. 1ST MAIN IDEA: Growth of the slave plantation gave rise to increase in labor and contributed to growing more fertile and abundant product. So, profits from plantations provided economic development and industrialization such as the increasing of the general prosperity.
Capitalism has always been an economic system that been practiced in many of the countries around the world such as the United States, Canada and Great Britain. Capitalism can be defined as an economic system in which the investment and ownership of the means of production, distribution and exchange of wealth is controlled by private owners for profit (Keith, 2010). Meanwhile, Imperialism can be defined as, “a policy of extending a country’s power and influence through colonization, use of military force, or other means” (Gupta, 2007, p. 423). In the early stages of capitalism, the capture and sale of Africans was an essential source of the original accumulation of capital (Hunt & Lautzenheiser, 2011). During the late 18th and early 19th centuries, the drive to industrialization had managed to captured most of the attention, time and money of the capitalists to “conquer, colonize, subjugate, and exploit the areas of the world lying outside the North Atlantic region where capitalism was born” (Hunt & Lautzenheiser, 2011, p. 347).
Firstly, in this revolution Haitian slaves pioneer to fight for the abolition of slavery. Their success demonstrates power of union and slaves that the current Europeans have to say that "The European powers underestimated the resilience of the black rebels" (Klooster, 110). It encourages slaves to stand and fight for their natural human rights. Secondly, Haitian revolution motivates people from colonies to revolt for their independence from usually European countries. After the start of industrial revolution, European economy dramatically grew and their demands for new markets, new materials, labors promptly increased, which caused colonial expansion.
This left only one option in the minds of the Europeans; African slaves. It is apparent that the labour shortages in the West Indies played an important role in the development of the Atlantic slave trade and while it can be argued that this was the most influential reason for the enslavement of Africans – it’s hard to imagine that those in the sugar trade would have particularly cared who grew the sugar as long as the
To understand the development, evolution, and implications of racial slavery, one must first understand the collision course between the Americas, Western Europe, and West Africa. It ignited a brutal campaign resulting in the loss of human life and cultural extinction of African and native peoples, “Seeking wealth or land, they commenced a process of conquest and settlement that would alter or destroy the lives of the people who already lived there” (Clark, pg. 8). While no master plan existed for racial enslavement, the belief in racial superiority and possessing an upper hand in terms of socioeconomic standing, allowed for this racial element to become intertwined with slavery. There were some key developments in terms of the progression
The industrial revolution propelled African imperialism to a level the world had never seen before. During the late 19th century, borders in Europe became difficult to alter and the only way to expand was in other continents like Africa. Europe exposed Africa’s weakness and preyed on them, leaving the continent in disarray. The industrial revolution induced African imperialism for economic prosperity, the rise in cultural and social power, and political motives. Economic prosperity had a major impact on the advancement of African imperialism.
Aastha Yadav Parag Jyoti Saikia World Civilization 12 March 2018 How Does Colonization and Global Economy effect on African Society? Colonization refers” Process of controlling power by dominant group over recessive group or area” Europeans came Africa for trading purpose and introduced slavery that deviated Africans life and society. Colonization and global economy effect Africa, it damaged tradition economy, culture, political policies and dramatically it effect on land and labor. Globalization and colonization often increased tension and led to violence among ethnic groups. A part of it Europeans also built Africa in terms of education, development and growth, reformed political and social policies, new technology came out etc.
(Heywood, 2011) With capitalism’s socio-economic ideals and tendencies that supports private property; the importance, independence, and significance of the market; and the growing reliance of waged labour in shaping the economy of a state was ingrained in the processes through which colonialism was done (State model). (Comaroff, 1989) On a much related note, Post-colonialists interprets the effects of colonialism as the way Europeans “subverted indigenous cultures which led to the spread of soulless consumerism.” Consumerism on which the capitalist ideas are founded on have been one of the greatest implications of colonialism on many parts of the world in such a way that most states of today are promoting and advocating the use of democracy and with it, the use of capitalism in which an economy is built on. The decolonization of states after WWII in which Western ideals were still ingrained to the states that was colonized despite the fact that they are already independent states—instilled Eurocentric ideals—is due to the effects of colonialism in such a