Slave Trade

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Slave Trade
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Slave Trade

• As Exploration Continued --gt a massive slave
  trade developed
• Slavery had existed before, but was a different
  institution
• Limited in scope
• Mainly with Middle East

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Why did Europeans embrace slave trade?

• Supply and Demand

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Functioning of Slave Trade

• Africans initially enslaved individuals captured
  in battle, not born into institution
• Now known as Triangular Trade (Atlantic S.T.)
• Initial Sale

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Functioning of Slave Trade

• 2. Middle Passage Crossing the Atlantic
• Dehumanize

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Functioning of Slave Trade

• 3. Distribution Caribbean

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Functioning of Slave Trade

• 4. End Sale Regional slave sales

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Results

• Slave trade destroyed domestic economic
  development in Africa
• Millions of slaves transported to New World
• Africa was greatly weakened, allowing European
  countries to colonize

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Columbian Exchange
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Definition

• Global transfer of foods, plants and animals
  during colonization of Americas

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Capitalism

• Economic system based on private ownership and
  investment of resources for profit
• Growth of Capitalism from Col. Exch.
• Merchants become a lot richer ? Reinvesting
• Increase in nations Supply ? Inflation

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Joint-Stock Companies

• Investors buy shares of stock in a company
• People combine wealth for a common purpose

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Growth of Mercantilism

• Countrys power depended on its wealth
• Goal of nations ? Become Wealthy
• Increase wealth in 2 ways
• 1. Obtain as much gold and silver as possible
• 2. Favorable Balance of Trade Sell more than
  you buy
• Try to be self-sufficient not rely on other
  countries

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Mercantilism Example

1. England wants gold
2. England establishes a colony in America
3. America has no gold, but produce cotton
4. England buys cotton, but does not allow America
   to produce cloth
5. England sells finished cloth to America and
   France
6. England gets gold and depletes Frances reserves