What Role Did The Transatlantic Slave Trade Play In The Triangular Trade
The transatlantic slave trade or triangular trade was a trade system involving Britain, Europe, Africa, America and the West Indies. Goods such as firearms and alcohol were taken from Britain to Africa in exchange for slaves. The slaves were then taken to America and the West Indies where they were exchanged for rum and sugar for the voyage back to Britain. It can be argued that the key reason for the development of the British economy in the 18th century was its role in the slave trade, although there were many other factors involved such as the industrial revolution and the British Empire. The transatlantic slave trade was extremely important to the development of the British economy in the 18th century. Slave ships needed large crews in …show more content…
The British Empire was a collection of countries around the world ruled by Britain, and each of the countries had valuable resources that could be traded with Britain such as wheat from Canada and tea from India. Also, like the slave trade, many ships were needed to transport these goods, which benefited the shipbuilding industry. Furthermore, many young people from other countries in the empire such as India came to Britain to find work, sometimes on-board ships. This gave Britain many new strong workers to do important jobs such as build railway lines or work in mines. Overall, the British Empire was an important factor in the development of the British economy in the 18th century. Much like it did during the slave trade, Britain obtained numerous valuable materials through trade and many found jobs in shipbuilding. In conclusion, the slave trade was the most important factor to the development of the British economy in the 18th century. Although the industrial revolution and trade with empire countries created many new jobs, the slave trade created jobs from shipbuilding to factory work and resulted in Britain earning many new useful materials. It also greatly improved British ports, as the money made was used to build expensive new
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600 Words | 3 PagesThe Industrial Revolution was one of the most positive revolutions that occurred on earth, it transformed commerce and trade, creating a surge in international trade through mechanization and mass production of goods. This led to the rise of global economic powers and spurred European imperialism as European nations sought to expand their empires and gain access to resources and new markets. This exploitation of colonized people involved the use of convict and settler labor to extract resources, while the demand for labor also led to the persistence of slavery,mainly native american/african people seen as a cheap and efficient way to meet the growing demand for goods and to enlarge their profit margin. Slavery was one of the most significant yet negative impacts during the industrial revolution. Despite increasing frustration, the economic slave system survived during the Industrial Revolution because it was compatible with rising product and labor needs.
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1396 Words | 6 PagesMarielle Apronti Prof. Oscar Williams AAFS 311 4 March 2018 The Trans-Atlantic slave trade was the most important factor when considering the early development of European capitalism. The arrival of the Portuguese to the West African Coast and their establishment of trading and slave ports throughout the continent set in stone a trend of exploitation of Africa 's labor and human resources. Europeans greatly benefited from the Trans-Atlantic trade, as it allowed them to aggregate raw materials such as sugar and cotton to manufacture products that funded the Industrial Revolution. In the book “Capitalism and Slavery” by Eric Williams he addresses the origin of “Negro” history, the economic and political impact of slavery in Great Britain, the role of the American Revolution and the decline of slavery in Great Britain.
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719 Words | 3 PagesHowever, growing imports to the country required more exports from the country as well to avoid a trade deficit. Fortunately, colonies in the Americas helped to produce essential resources, such as cotton, rice, and other valuable cash crops, used for both English exports and domestic use. Slaves in American colonies helped to boost the English economy by efficiently producing more of these goods, especially harvesting cotton and tobacco, with lower costs. However, one drawback was that American slavery was uniquely associated with race, and racism later became an issue throughout history that continues to be a problem today (Royal Museums Greenwich). The world trade network created by Queen Elizabeth aided in the creation of ties between the English empire and other parts of the world.
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