Slave Trade the Industrial Revolution - 900 Words

The Atlantic slave trade was a key driving force to the industrial revolution in Britain Britain experienced a huge industrial development from 1750 onwards. This development led to Britain being one of the wealthiest countries in the world. The changes and development happened at the same period of time that the slave trade was at its peak and Britain was one of the countries most heavily involved. Britain also played the biggest role in the trade out of any other European country. Is this merely coincidence or is there a connection between these two? Was the slave trade causing Britains growth in economy and industrial development? Seeing as the ports, such as the ports in Bristol and Liverpool became wealthy, more jobs were created,†¦show more content†¦Liverpool soon became the largest slave trading port in the Atlantic slave trade system. From this, Liverpool gained a lot of money from taxes on imports and exports which was hugely beneficial to the economy. The government gained about 5% of their income from the taxes paid on these ports which meant that th e slave trade was accumulating significant amounts if money. Many jobs were also created by the trade as dockworkers, sailmakers, sailors and ship reporters were needed. Because of the job increase, the economy grew because of taxes and there were fewer unemployed people. From all the money that was being accumulated from the slave trade, Britain was able to finance a lot of new technology, such as the steam engine. This proves that the slave trade was highly involved in the industrial revolution. Huge profits were being made by investors, merchants and plantation owners and they were investing these profits into banking, insurance and the development of industries which allowed Britain to develop and advance in technology. New machines and techniques also came with the revolution and it also had a revolutionary effect on farming and manufacturing goods. New factories were developed and the manufacture of cotton became very important and a lot of the cotton being supplied by Britain was produced by slave labour. The invention ofShow MoreRelatedThe Importance Of The British Industrial Revolution1047 Words   |  5 PagesBritish Industrial Revolution had occurred from the mid 1700s to mid 1800s. The slave trade or rather the triangular trade was a major trade between Britain, Africa, and West Indies and the Americas. Britain had traded manufactured goods to Africa, who then traded slaves to the plantations and they then traded produce goods like sugar and cotton. This trade played a significant role in the British history and economy. According to Eric Williams book, Capitalism and Slavery, the slave trade a playedRead MoreIndustrial Revolution Essay1152 Words   |  5 PagesSlavery, new energy sources, global trade, and technology all contributed to Britain’s Industrial Revolution.  Jane Burbank and Frederick Cooper emphasize the importance of slavery for the development of the Industrial revolution and capitalism. However, as  James Carter, Richard Warren, and Robert Marks demonstrate, global trade and new technology were just as important factors as slavery  because  they increased both the efficiency of production and demand for British-made goods. Carter and WarrenRead MoreThe Atlantic Slave Trade1392 Words   |  6 PagesThe Atlantic Slave Trade was a system of slavery that took place between the 16th and 19th centuries. It comprised of capturing African tribesmen and women from areas of Western and Central Africa and placing them into the colonies of the New World in North, Central, and South America. Many countries like England, Portugal, Spain, Holland, and France, had participated in enslaving the African peoples. The African slaves were used to exploit an array of commodities such coffee, cotton, rum, sugarRead MoreEffects of the Industrial Revolution on Slavery Essays957 Words   |  4 PagesEffects of the Industrial Revolution on Slavery The Industrial Revolution started in Britain, where population was sky rocketing and demand for goods was increasing. This higher demand forced innovators and scientists to invent machines that would make production much faster than their old ways. Before the push for new technology, goods were being produced through the putting-out system: one where a manufacturer would make part of the product, send it out for someone to finish it, then put it onRead MoreLiverpools Slave Trade as a Centre of a Global Commerce and an Important Factor in British Economic Growth1437 Words   |  6 PagesLiverpools Slave Trade as a Centre of a Global Commerce and an Important Factor in British Economic Growth This essay will attempt to answer the question by approaching it in three stages. Firstly it will assess the importance of Britains slave trade in the context of global commerce, especially during the 18th century. SecondlyRead More Slavery Essay850 Words   |  4 Pagesanyone of you imagine owning a slave? Can anyone of you imagine being a slave? Regardless of your answer, slavery no longer exists as an institution. Why? Thesis Statement: Technological advances brings an end to institutional slavery. Body 1 In the 1700s Britain emerges as a superpower. A. The British Industrial Revolution was the height of technology. 1. The Industrial Revolution loosened the grip of slavery. 2. The Industrial Revolution created a new class of peopleRead MoreEric Williams Thesis on Capitalism and Slavery and Arguments Made for and Against the Thesis.1564 Words   |  7 PagesWILLIAMS THESIS ON CAPITALISM AND SLAVERY AND ARGUMENTS MADE FOR AND AGAINST THE THESIS. Many historians justify that the evolving of the industrial revolution was based on slavery and mainly the triangular trade. The triangular trade was the route taken by Europeans to transport goods to Africa in exchange for slaves to be taken to the Americans. The triangular trade was seen as the first system of global commerce which linked Britain, Africa and the Americans. The most important colonies for the sugarRead MoreThe Various Structures Of Empires And Global History1650 Words   |  7 PagesBeginning with a brief introduction of empires, including the general reasons empires expanded and how. Following the definition of empires, we will use the various social, political, and economic structures of empires to discuss how the slave trade, industrial revolution, and the scramble for Africa were a have a causal relationship with empires and imperial rule. Empires use political and economic power to expand into other territories and overtake the people by fostering inequalities among theRead MoreThe Trade Traingle850 Words   |  4 PagesDuring the industrial revolution, the people of Britain mainly relied on the Trade Triangle. The Trade Triangle enabled English colonies to develop in the variety of crops, growing population and gaining many new resources which benefited them. The trade triangle is known for the trading between Africa , America and Europe . One of the most important parts of the trade triangle is the path of slaves getting transported to America . In the period of the industrial revolution, many Africans were kidnapped