Seymor Drescher Flashcards
(3 cards)
1
Q
What does Seymor Drescher argue about the economic impact of the slave trade and West Indian plantations?
A
They accounted for only a small share of national income and investment capital.
2
Q
What percentage of national income did Drescher estimate slave-related profits to be?
A
Less than 5%.
3
Q
According to Drescher, how do slave-related profits compare to the levels needed for the Industrial Revolution?
A
They are far below the levels that would make them indispensable.
