Maxine Berg and Pat Hudson Flashcards
(22 cards)
What was the role of shipping and international finance in the Atlantic economy?
-resulted largely from Atlantic profits and commerce
-influenced by tech innovations encouraged by slave-plantation economies and slave-produced raw materials.
This highlights the interconnectedness of commerce and technological advancements in colonial economies.
What percentage of British and British-American wealth was accounted for by plantation colonies?
Around 20%.
This indicates the significant economic impact of plantation economies on broader British wealth.
In 1774, what percentage of private wealth in England and Wales did Jamaica account for?
10%.
This statistic emphasizes Jamaica’s considerable economic importance during this period.
What was the total value of plantation assets in 1774?
£104 million.
This figure illustrates the immense wealth generated from plantation economies.
How did innovations in agriculture and industry in North America and the Caribbean contribute to Britain’s revolutions?
They were vital parts of Britain’s agricultural and industrial revolutions.
This connection underscores the role of colonial economies in shaping British industrialization.
What did the authors argue was the major causal factor in skills formation before the 1820s?
Atlantic commerce.
This indicates the broader economic context in which slavery operated, affecting skill development.
What combination of factors contributed to British capitalist development and the industrial revolution?
Demographic and agricultural change, state formation and policy, institutional and financial innovations, changing scientific understandings, motivations and beliefs.
This list highlights the multifaceted nature of economic development in Britain.
Did engagement with slavery serve as the prime mover for British industrialization?
No, it influenced but was not the sole driving force.
This perspective calls for a nuanced understanding of slavery’s role in economic history.
What was the formative impact of slavery on Britain’s industrial revolution?
It influenced the timing and nature of the revolution.
This suggests that while slavery was not the only factor, it played a significant role.
What dynamic was created by state policy, colonial ambitions, and slavery?
A dynamic of capitalist ambition crucial to the making of the industrial revolution.
This emphasizes the interplay between political and economic factors in shaping history.
What stimulated investment in British industry from slave-based colonial trading?
The necessary raw materials and expanding markets.
This connection highlights how colonial economies fed into British industrial growth.
What did Burnard imply about the role of slavery in the economy?
We may have overestimated its importance.
This suggests a need for critical reassessment of historical narratives surrounding slavery.
What types of profits arose from Caribbean economies?
Profits from slave exploitation, advanced agribusiness, and technological developments.
This indicates that Caribbean economies were complex and multifaceted.
What position did Britain hold during the eighteenth century regarding slavery?
Britain benefited disproportionately during the period when she dominated the slave trade.
This underscores Britain’s pivotal role in the global slave economy.
How did British settler populations in the Americas contribute to Atlantic trading?
They became a linchpin in trading, providing mass markets for British textiles and manufactures.
This highlights the interconnectedness of colonial populations and British economy.
What pivotal role did sugar capitalism play during industrialization?
It was key to industrialization in the eighteenth century.
This suggests that sugar was foundational to broader economic changes.
What commodities were brought to Europe through new global trade in the seventeenth century?
Colonial groceries, tobacco, coffee, cacao, and especially sugar.
This indicates the diversity of goods traded and their economic significance.
What was vital to British textile industrialization before the 1820s?
Cotton imports from the Caribbean and Brazil.
This emphasizes the importance of global trade in shaping local industries.
What was the relationship between sugar and cotton capitalism?
Sugar was vital to the industrial and financial capitalism that developed around cotton.
This indicates how these commodities were interlinked in economic development.
What global trade patterns did the sugar economy embrace?
It included commodities and people from various regions including India, Africa, and the Americas.
This highlights the extensive reach of the sugar economy.
What infrastructure did the sugar economy create?
Legal, commercial, and financial infrastructure.
This indicates how trade necessitated the development of supportive systems.
What was the outcome of the state-promoted financialization of Britain’s global economy?
It oriented British capitalism towards international financial investment and exchanges.
This reflects the long-term implications of colonial economies on British financial systems.
