What Explains the Abolition of the Slave Trade? The Significance of Financial and Economic Factors Flashcards Preview

Britain, c1785-c1870: democracy, protest and reform > What Explains the Abolition of the Slave Trade? The Significance of Financial and Economic Factors > Flashcards

Flashcards in What Explains the Abolition of the Slave Trade? The Significance of Financial and Economic Factors Deck (13):
1

The historian Eric Williams argues that...

The Slave Trade was only abolished because it had become unprofitable for those involved

2

Seymour Drescher challenges Eric Williams, saying...

The abolition of the Slave Trade actually undermined the economy

3

More than _____ slave voyages in the 16th-19th century

35,000

4

What percentage of income was slave based in Bristol in the 1780s?

40%

5

From 1784-86 and 1805-7 __% of British textiles went to African market towns

87%

6

1793-1815: Britain was blockaded from the rest of Europe because of war with France, which meant....

They had to rely on trade with Africa

7

The economic theories of Adam Smith suggested that...

Free workers work better than the enslaved

8

Arguably the Industrial Revolution in Britain meant that

The Slave Trade was unneccessary

9

How many voyages witnessed a slave revolt?

1 in 10

10

How much profit did each save voyage return?

20%-50%

11

The practice of slaving was extremely expensive, for example...

The slave ship Ann cost £3,153 to fit out for a journey in 1753

12

The planters were at the mercy of the harvest for profits, so by 1776...

Glasgow merchants were owed £1.3 million

13

Stanley Engerman has suggested that trade accounted for _% of annual income

5%