With the help of cheap-slave workers, Southern plantations made their profit-margin greater. Exporting goods to Great Britain. Such as, cotton and tobacco. This was worthwhile, profitable for the Southern, “aristocrats”. The British thought of a plan to mess up the trade due to the fact that they were holding a large amount of British wealth. The British lowered prices on British products, to lower on American production goods. This resulted in the Northern Industry losing out on the Southern Market. The Northerners went to Washington and legislating protective tariffs challenged British cheap imports. Succession from the nation was the only way the Southerners would’ve took. The South was gearing up for strength, for the battle of independence.
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.
Catrina Marr Engl. 650 - Spring 2018 Midterm Exam 1. Compare and contrast the transatlantic slave trade and the United States domestic slave trade When African slave trade began in 1540 approximately ten thousand individuals were captured per year. European traders then modeled a system of slavery based off African culture (described in early chapters of Equiano's narrative) and African slave trade soon gave way to an international, transatlantic slave trade; by 1750 - nearly two hundred years later - this figure increased 10-fold. The century between 1725 to 1825 yielded the highest rates of transatlantic slave trade recorded.
Slaves were used in virtually every aspect of the system; working in homes, construction, factories, mining, transportation, and agriculture (Schulman). By the 1850’s, owners were already extremely confident in the slave industry because of the wealth being acquired so rapidly and were very confident (“American Economic”). In addition, another factor that promotes the use of slavery directly affecting the economy of the North, South, and international systems, was based off the utilization and growth of one crop, cotton. Cotton had provided at the time over half of all the nation’s export income. By 1840, the South was producing over half of the world's cotton (“American Economic”).
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.
In the days when slavery was booming and tobacco farming was at its peak, the foundations of America's economy was being built. tobacco farms were the number one producing product in America at the time, it was easy and with the help of the Native American Indians they had been taught to properly grow them. Next to tobacco sales the slave market was among the most frequent and requested transactions in the time period. These relations between purchased slaves and white colonial Americans consumed the trade market in the south. Pictured above is bread crumbs of a foundation being built for a developing economy, the many indentured/life long slaves working are accompanied by what appears to be the many owners and blooming businessmen of the
British merchants and manufacturers whose exports to the colonies were threatened by
With the riches that Southern states had from cotton production, the North was able to industrialize areas into small cities. This was a balance created between the North and South at the time, but a severe divide was underlying their system. This divide would continue to grow as each side gained different economic
The economy, though growing, was unstable since the industrialization in America was dependent on plantations. Being monopolistic, plantations would set prices due to the demand of Americans and the British, thus relying on the world’s conditions. The price for slaves was immense, more than $1,800 to maintain a slave, and the excessive use of land for cotton hindered the land’s agricultural value, forcing people to move westward towards more viable land. While the South gained decent profit after factoring in the expenses, the North gained more wealth from the manufacturing of cotton goods. Slaves were still likely to rebel, in the cases of Nat Turner’s rebellion and Denmark Vessey, Turner leading an uprising against Virginians, and Vessey planning a rebellion in Charleston.
No matter your stance at the time, one thing became clear: socially, politically and economically, slavery was the fabric of American success and gave birth to the Old South as we know it today. At the center of the entire institution of slavery, and central to its defense, was the economic domination it provided a young country in international markets. In the early 19th century, cotton was a popular commodity and overtook sugar as the main crop produced by slave labor. The production of cotton became the nation’s top priority; America supplied ¾ of the cotton supply to the entire world.
The people who watched oppression rose to the test advanced by the Abolitionists. The shields of subjection included monetary viewpoints, history, religion, authenticity, social extraordinary, and even charity, to propel their disputes. Shields of enslavement battled that the sudden end to the slave economy would have had a noteworthy and executing money related impact in the South where reliance on slave work was the foundation of their economy. The cotton economy would fold. The tobacco yield would dry in the fields.
We see the contradictions arise for the South beginning in 1764 with the passage of the Sugar Act and the effective end of England’s salutary neglect on its colonies. By this time, the colonies had already established their own forms of government which were run by ‘the people’ (as evidenced by the Mayflower Compact and House of Burgesses) and had grown content governing themselves with little to no interference from mother England. So, when she did try to finally exert authority over the colonies it was met with resistance. In resisting England’s attempts to regain control over its colonies, the colonies found that if they worked together, they could stand up to England and even win, as evidenced by the non-importation movement in 1764 and parliaments revision of the Grenville Acts as a response to the colonists united boycott. This unity would continue all the way through to the American Revolution.8
The British government used the profits that were made through the trade to set up factories and fund factory jobs. Merchants and planters, who became wealthy through the slave trade, also invested their profits in factories and inventions, which helped eventually led to the Industrial
The British slave trade led ‘neither to colonization, nor the founding of substantial commercial communities’. Slave traders’ were not interested in permanent and varied trade with Africa. Their sole purpose was to obtain slaves and transport them to where they could be exchanged for wares that were profitable, such as sugar. The museum also portrays the British as traders who intended only to achieve quick wealth. Historiography supports the idea put forward by the Slavery museum that the slave trade was partially responsible for starting the industrial revolution.
About sixteen century ago, an Atlantic slave trade began in Africa. The trade started in 1444 and ended 1589 between the region river Senegal and Sierra Leone. Slave ships carried Africans across the Atlantic in unsuitable conditions in which many of the slaves did not survive while others struggled to make it to their destination. By definition, slavery is the act of forcefully taking other people’s rights and freedom away from them. As a matter of fact, the Trans-Atlantic slavery describe the true definition of slavery.
Ward contends Dresechers position with the figures he provided. Carrington provides an important analysis of these figures. He posited simply that the fluctuations in value of the British slave trade after 1783 was the returning of the economy back to stability after the effects of the war. The reality was that the growth of capitalism was gaining favour as Britain’s focus on industry grew. The sugar industry and mercantilism had built up Britain’s industry.