Slavery Atlantic Trade And The British Economy 1660 1800

This book considers the impact of slavery and Atlantic trade on British economic development in the generations between the restoration of the Stuart monarchy and the era of the Younger Pitt. During this period Britain's trade became 'Americanised' and industrialisation began to occur in the domestic economy. The slave trade and the broader patterns of Atlantic commerce contributed important dimensions of British economic growth although they were more significant for their indirect, qualitative contribution than for direct quantitative gains. Kenneth Morgan investigates five key areas within the topic that have been subject to historical debate: the profits of the slave trade; slavery, capital accumulation and British economic development; exports and transatlantic markets; the role of business institutions; and the contribution of Atlantic trade to the growth of British ports. This stimulating and accessible book provides essential reading for students of slavery and the slave trade, and British economic history.

This book considers the impact of slavery and Atlantic trade on British economic development during the beginning of British industrialization. Kenneth Morgan investigates five key areas within the topic that have been subject to historical debate: the profits of the slave trade; slavery, capital accumulation and British economic development; exports and transatlantic markets; the role of business institutions; and the contribution of Atlantic trade to the growth of British ports. This stimulating and accessible book provides essential reading for students of slavery and the slave trade, and British economic history.

From 1501, when the first slaves arrived in Hispaniola, until the nineteenth century, some twelve million people were abducted from west Africa and shipped across thousands of miles of ocean - the infamous Middle Passage - to work in the colonies of the New World. Perhaps two million Africans died at sea. Why was slavery so widely condoned, during most of this period, by leading lawyers, religious leaders, politicians and philosophers? How was it that the educated classes of the western world were prepared for so long to accept and promote an institution that would later ages be condemned as barbaric? Exploring these and other questions - and the slave experience on the sugar, rice, coffee and cotton plantations - Kenneth Morgan discusses the rise of a distinctively Creole culture; slave revolts, including the successful revolution in Haiti (1791-1804); and the rise of abolitionism, when the ideas of Montesquieu, Wilberforce, Quakers and others led to the slave trade's systemic demise. At a time when the menace of human trafficking is of increasing concern worldwide, this timely book reflects on the deeper motivations of slavery as both ideology and merchant institution.

This watershed study is the first to consider in concrete terms the consequences of Britain's abolition of the Atlantic slave trade. Why did Britain pull out of the slave trade just when it was becoming important for the world economy and the demand for labor around the world was high? Caught between the incentives offered by the world economy for continuing trade at full tilt and the ideological and political pressures from its domestic abolitionist movement, Britain chose to withdraw, believing, in part, that freed slaves would work for low pay which in turn would lead to greater and cheaper products. In a provocative new thesis, historian David Eltis here contends that this move did not bolster the British economy; rather, it vastly hindered economic expansion as the empire's control of the slave trade and its great reliance on slave labor had played a major role in its rise to world economic dominance. Thus, for sixty years after Britain pulled out, the slave economies of Africa and the Americas flourished and these powers became the dominant exporters in many markets formerly controlled by Britain. Addressing still-volatile issues arising from the clash between economic and ideological goals, this global study illustrates how British abolitionism changed the tide of economic and human history on three continents.

Placing slavery in the mainstream of modern history, the essays in this survey describe its transfer from the Old World, its role in forging the interdependence of the Atlantic economies, and its impact on Africa.

Designed specially for undergraduate course use, this new textbook is both an introduction to the study of American slavery and a reader of core texts on the subject. No other volume that combines both primary and secondary readings covers such a span of time--from the early seventeenth century to the Civil War. The book begins with a substantial introduction to the entire volume that gives an overview of slavery in North America. Each of the twelve chapters that follow has an introduction that discusses the leading secondary books and articles on the topic in question, followed by an essay and three primary documents. Questions for further study and discussion are included in the chapter introduction, while further readings are suggested in the chapter bibliography. Topics covered include slave culture, the slave-based economy, slavery and the law, slave resistance, pro-slavery ideology, abolition, and emancipation. The essays, by such eminent historians as Drew Gilpin Faust, Don E. Fehrenbacher, Eric Foner, John Hope Franklin, and Sylvia R. Frey, have been selected for their teaching value and ability to provoke discussion. Drawing on black and white, male and female experiences, the primary documents come from a wide variety of sources: diaries, letters, laws, debates, oral testimonies, travelers’ accounts, inventories, journals, autobiographies, petitions, and novels.

The role of slavery in driving Britain's economic development is often debated, but seldom given a central place. In their remarkable new book, Maxine Berg and Pat Hudson ‘follow the money’ to document in revealing detail the role of slavery in the making of Britain’s industrial revolution. Slavery was not just a source of wealth for a narrow circle of slave owners who built grand country houses and filled them with luxuries. The forces set in motion by the slave and plantation trades seeped into almost every aspect of the economy and society. In textile mills, iron and copper smelting, steam power, and financial institutions, slavery played a crucial part. Things we might think far removed from the taint of slavery, such as eighteenth-century fashions for indigo-patterned cloth, sweet tea, snuff boxes, mahogany furniture, ceramics and silverware, were intimately connected. Even London’s role as a centre for global finance was partly determined by the slave trade as insurance, financial trading and mortgage markets were developed in the City to promote distant and risky investments in enslaved people. The result is a bold and unflinching account of how Britain became a global superpower, and how the legacy of slavery persists. Acknowledging Britain’s role in slavery is not just about toppling statues and renaming streets. We urgently need to come to terms with slavery’s inextricable links with Western capitalism, and the ways in which many of us continue to benefit from slavery to this day.

The Economic Consequences of the Atlantic Slave Trade shows how the West Indian slave/sugar/plantation complex, organized on capitalist principles of private property and profit-seeking, joined the western hemisphere to the international trading system encompassing Europe, Africa, North America, and the Caribbean, and was an important determinant of the timing and pattern of the Industrial Revolution in England. The new industrial economy was no longer dependent on slavery for development, but rested instead on investment and innovation. Solow argues that abolition of the slave trade and emancipation should be understood in this context.