Economics Flashcards
How many slave voyages took place in the 18th century?
More than 35,000.
Which city was the biggest slave-trading port by the 1790s in Britain?
Liverpool.
How much of the European trade did Liverpool claim?
three sevenths (which provided thousands of jobs in accociated industries)
In Bristol in the 1780s, what % of people’s income was slave based?
40%.
On the Codrington plantation in Barbados, how many acres of land made what profit with how many slaves?
710 acres of land made a profit of £2000 a year with 276 slaves.
What industries did the slave trade promote?
Textiles and Shipbuilding.
Between 1784-86 and 1805-07, what % of Britains textile output went abroad?
87%
What were the profits of the slave trade per year and what did this increase to by the end of the 1700s?
£1 million and then £3 million.
How many voyages were subject to revolt?
1 in every 10.
What was the average return on a slave voyage?
20-50%
What was the impact of long sea voyages on profits?
They potentially damaged the ships due to storms which had an impact on profit margins and there may have been disease which affected those who invested in the ships.
