Categories: All - wealth - trade - slavery - economy

by Ajay Khurana 5 years ago

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Slavery

The transatlantic slave trade was a crucial element in the economic development of both the Americas and Europe through the exploitation of African slaves. These slaves were forcibly taken from their homes in Africa and sold to plantation owners in the Caribbean and the Americas, who needed their labor to produce valuable exports.

Slavery

Slavery

Americas

Slaves helped develop the Americas
Many people residing in the Caribbean today are descendants of slaves

The effect of slavery has impacted the geography and populations of the world

Even though slavery was abolished, a majority of African Americans occupy low income jobs. Many of them live in poverty

Cleared land and forests

Built roads

Transportation made easier

More plantations could be built More money could be made

Changed the landscape

Built many buildings

Slave owners didn't need to pay for labour costs

Money could be spent elsewhere

More plantations

European imports

More slaves

Slaves went from Africa to the Americas Exports went from the Americas to Europe
Boom in economy

Constant flow of slaves coming in and exports going out

12 million Africans were taken from their homes

Caribbean plantation owners became wealthy

Bought more plantations and assets

African slave traders became wealthy

Small minority of West Africans were rich

Corruption and pillaging

European slave traders became wealthy

Bought properties and plantations in the caribbean

More money circulating in Europe

Wealthy Europeans began buying properties in the Americas

In a constant need for slaves to produce more exports

Slaves were treated as sub-human Just another means of making money

Plantation owners became extremely wealthy

Some slave traders had their own plantations which slaves worked on
Slave traders sold slaves to plantation owners, usually in bulk

Africa

Europeans traded guns and goods for slaves
More warfare

Entire states and populations were wiped out

Two thirds of slaves were men

Gender disbalance created in West Africa

Long lasting effects of slavery are still seen today

Corrupt governments

Extreme poverty

Created a larger divide between the poor and the rich

Asante and Dahomey became very wealthy states

Africans were captured other Africans who sold them to the Europeans
Traders made slaves march to the coast to be picked up by European ships

Slaves had to walk for weeks and sometimes even months

Slaves were all chained to each other and forced to march

Traders had sophisticated ways of rounding up Africans to be traded

Sold as punishment

Captired in battle

Kidnapped

Europe

Rise of capitalism
African countires were eagar to trade for Caribbean exports

European traders were trading material objects for a human life

There was more to be gained from a slave than from material objects because the slave could produce more material objetcs

Europeans traded Caribbean exports for slaves who went to go make more Caribbean exports

More trade meant a booming economy which resulted in more people becoming wealthy

Wealthy individuals reinvested money to create businesses which stimulated economic growth

Industrial revolution

Technological advancements

Urbanization

Industrialization

Products being imported from the Americas
More trade opportunities for individuals involved in the slave trade

The rich get richer

Europeans had a greater variety of imported products

American cotton

Tropical woods

Virginian tabaco

Caribbean sugar

Slave owners became extremely wealthy
Slave owners were able to afford large plantations

Profits and products made from the plantation went almost entirely to the owner

Slaves that were bought were taken to the Americas to perfrom hard labour

Products produced by slaves were taken on board ships which returned to Europe to be sold