The Economic Effects of the Slave Trade on Africa, Britain, and America

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In today’s day and age money makes the world go round but, that is not the question. The question is what made the world go round in the early 1600’s? Just like the world today money made the world go around back then also. In today’s world machines do all of our dirty work, back then it was all up to the slaves. The colonists had a hard time trying to find the perfect slaves. The indentured servants and Indians came first, however because they could easily escape to freedom, they were not the ideal slaves. The colonists’ third attempt was a home run. These unfortunate people were the Africans. In order to obtain the precious Africans, sailors had to sail across the ocean, but it made no sense to cross the Atlantic in an empty ship. This …show more content…
Tomas Butler stated “The profits from the slave trade were part of the bedrock of our country's industrial development. Many people and institutions in every part of the country were complicit in the trans-Atlantic slave trade.” In the early Americas Britain supplied a vast majority of the slaves to the new world to work on plantations. During the slave trade British ships made over ten thousand voyages and enslaving approximately 3.4 billion Africans. Some of these ships would make a profit of 20-50%. Back in England the king and the ship owners were not the only people benefiting from the slave trade. Everyone from the factory owners to the factory workers were benefited as an effect of the slave trade slave. The upper-class citizens were definitely making the big dollars. These people included the ship owners of the slave ships who benefited by owning the ships, the factory owners who were able to sell their products that the Africans and Americans needed and wanted, bankers who made money for the interest they earned from people who borrowed money for the long voyage, and even the plantation owners who retired to England after their lives working the Africans on the plantation. The normal everyday people were also benefiting from the slave trade because; there were more factories that were creating and selling products overseas, and jobs that were created by the creation of new factories. The ports where the slave ships anchored in England

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