1. Racism and Economics of the Atlantic Slave Trade
The Atlantic Slave Trade benefited the Europeans, the slave traders, and the American colonists. ... Machines were invented to speed up production causing large-scale industries to form, which in turn developed steam and water power. ... By 1763, there were 170,000 slaves, about half of the population. ... Eric Williams in Capitalism and Slavery gives many examples of the slave buyers making double their money in profits on the sales of slaves. ... Other supporting but crucial factors include the benefit in transferring Africa's technological skills and expertise to New World industries, ...
- Word Count: 1359
- Approx Pages: 5
- Grade Level: Undergraduate