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The Significance of the African Slave Trade to Economic Development in the European Maritime Nations, 1440-1860.


15073. The Significance of the African Slave Trade to Economic Development in the European Maritime Nations, 1440-1860.

This paper provides an overview and analysis of the economic impact of the transatlantic slave trade on the major European slave-trading nations. Argues that despite huge losses and inefficiencies, the major European slave traders of the 17th and 18th Centuries (Dutch, British, French) benefited economically from the trade in terms of increased exports, improvements in the shipping industry, the slave labor efficiencies of the plantation economies in the colonies, and the stimulation of development and innovation within certain industries. The effect is most dramatic for Great Britain. KEYWORDS: colonial powers slave trade history economic development commerce slaves britain france netherlands portugal. APA Style. 15 pages, 45 footnotes, 15 bibliographic references. 5,216 words.
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