The sugar trade grew to be very important, very quick. Everybody wanted sugar. Many factors drove the sugar trade. It was influenced by trade philosophy, consumer demand, and economics. One factor that drove the sugar trade was because trade philosophy. There was the mercantile system, which was a way of everyone doing their part in society, supporting each other. In Document 12, it shows how the mercantile system worked. It shows how slaves were brought to make sugar and other products, and merchants would sell the products for a high price. They would buy the slaves for a cheap price, and sell them for a high price. Their system of trading led out a wealthy balance, and the wealth caused the British Empire to grow even more. Another factor
The transatlantic slave trade was extremely important to the development of the British economy in the 18th century. Slave ships needed large crews in
During the slave trade Britain’s economics was thriving through all the imports and exports on trade. Planters, slave owners, stock holders on slaves, even banks made a profit. During this period, they helped the economy out a lot but times change.
As Swahili once said, “Wisdom is wealth.” The major trade routes of this time frame were mostly located right around Askum. Askum had a huge advantage on a lot of civilizations because they were perfectly placed on the Red Sea. Askum had reached their highest point at around 325 CE and 360 CE. Africa had a lot of already developed civilizations with a structured way of life.
Another contributing factor was the accumulation of wealth, especially among the merchants involved. Empires and smaller states that directly were benefited from the trade sustained the commerce. . Also with the invention of new technology
The British men gathered full control of the trading center present in the Americas, and created the Navigation Acts to help aid them in their tactics to take control over all trade within the Americas. The Navigation Acts were passed under a mercantilist system, and was used to regulate trade in a way that only benefitted the British economy. These acts restricted trade between England and its colonies to English or colonial ships, required certain colonial goods to pass through England before export, provided subsidies for the production of certain raw goods in the colonies, and banned colonial competition in large-scale manufacturing. This lowered the competition in the trading world for the British and caused the British to have a major surge in power, that greatly attributed to the growth of their rising empire. The British’s ambitious motives in the trading world help portray a way that the British took control of an important piece in the economy of all of the other nations present in the colonies in the time period, and shows another leading factor in the growth of the British empire.
The sugar trade, which began in the 16th century and lasted until the 19th century, was also considered a “triangle trade" that brought tremendous wealth and power to European colonizers and their respective nations. The trade, which involved the production and transportation of sugar from colonies in the Caribbean and South America to Europe, was driven by several factors, including the growing demand for sugar in Europe, an increase in population, and mercantilism. One of the primary factors that drove the sugar trade was the growing demand for sugar in Europe. Sugar was considered a luxury item in medieval Europe since it brought the great taste to the people.
England at the end of this all had more money coming in than out. The sugar plantations, owned by wealthy people, had to be built. And the building of the plantation cost a lot of money. They also needed supplies, which brought in even more money. England created laws that permitted more money to come in than out.
Exploration to the New World led to greedy rulers wanting more. There were many new resources and opportunities to make money; for example tobacco, sugar, and even minerals. Because of the demand for these crops, the Europeans needed someone to do the work. With the Native American population drastically declining, the Europeans had to find another source of labor so they turned to the African Americans. This began the slave trade where millions of slaves were taken from Africa to other areas as a source of income.
The Atlantic Slave Trade, this part of the history talk about of the demand for agricultural labor in the Atlantic world created a strong market for African slaves and led to a dramatic increase in the seventeenth century.
The English slave system grow because of the colonies wanted to improve their economy with free labor. This system of slaves were more in the southern colonies in North America and the
The Atlantic Slave Trade caused many political, social, and economical effects on the US. There are debates over reparations, and whether the confederate flag should be hung up. It also affected the Civil Rights Movement greatly and contributed to the Civil Rights Act of 1964 and contributed to racism. First of all, what was the Atlantic Slave Trade?
DBQ Essay – What Drove the Sugar Trade? Beginning in the late 1600s and continuing through the 1700s the demand for sugar became incredibly high due to its addictive qualities. To supply the consumers with sugar they were craving, wealthy Europeans established sugar plantations throughout the Caribbean and built a thriving slave industry, so their need for cheap labor could be satisfied. Sugar consumption increased from 4.6lbs to 16.2lbs per capita annually from 1700 to 1770 due to the increasing addiction of the consumers.
Originally, this system was to help “civilize” local populations as well as give them Christianity, which was viewed as a valuable commodity. Of course, this quickly devolved into what amounted to a prize system where those favored by the Crown would be given essentially governorship over large tracts of land, and were then expected to ensure that economically viable goods were returned to Spain in exchange. These groups were also typically given the task of town building as well, which incurred population growth in the region. This system, alongside what could easily be described as plagues ravaged the local populations and required that new slaves (typically African in origin) be found, further pushing forward the slave trade as early as 1501 (Baym 6). Alongside physical destruction of populations, as a result of the often religious pretext and hard labor, many traditions and cultural history of local tribes were wholly dismantled, leaving Native populations without a viable history or tradition, a curse shared with African slaves as
The increased flow of silver during the mid-16th century to the early 18th century caused social and economic effects in all regions connected with the trade by increasing the integration of Europeans in the globalization of world trade, while creating greater economic opportunities and causing growing social divisions within China. It would help to have a document from a Japanese merchant, to see if the effects of the silver trade affected the Japanese economy as much as it did the Chinese and Spanish. It would be nice to see a document from a Chinese farmer/peasant to see if the increased flow of silver affected their lifestyles as Document 3 or 5 suggests. The economic impact of the global flow of silver in Spain during this time period
The British empire was highly useful for trading during Queen Victoria's reign. The port consisted of multiple ships carrying tons of goods that were being processed and shipped out in order to make Great Britain wealthier . During this time period, Victorians that were apart of the middle class were known to be “narrow-minded”, and