What Explains the Abolition of the Slave Trade? The Significance of Financial and Economic Factors Flashcards
The historian Eric Williams argues that…
The Slave Trade was only abolished because it had become unprofitable for those involved
Seymour Drescher challenges Eric Williams, saying…
The abolition of the Slave Trade actually undermined the economy
More than _____ slave voyages in the 16th-19th century
35,000
What percentage of income was slave based in Bristol in the 1780s?
40%
From 1784-86 and 1805-7 __% of British textiles went to African market towns
87%
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
The economic theories of Adam Smith suggested that…
Free workers work better than the enslaved
Arguably the Industrial Revolution in Britain meant that
The Slave Trade was unneccessary
How many voyages witnessed a slave revolt?
1 in 10
How much profit did each save voyage return?
20%-50%
The practice of slaving was extremely expensive, for example…
The slave ship Ann cost £3,153 to fit out for a journey in 1753
The planters were at the mercy of the harvest for profits, so by 1776…
Glasgow merchants were owed £1.3 million
Stanley Engerman has suggested that trade accounted for _% of annual income
5%
