Economic Strategies and Slave Trade in Europe
Explore the economic strategies of European nations during the 17th and 18th centuries, focusing on bullionism, balance of trade, manufacturing for defense, and self-sufficiency. Delve into the dark reality of the African slave trade, its prevalence, impact, and the reasons behind its popularity.
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Presentation Transcript
Prevailed during the 17thand 18th centuries.
A nations wealth is measured by the amount of precious metals (bullionism) rather than by its productivity.
A favorable balance of trade- exports exceed imports- is made up of gold and silver.
Manufacturing for national defense. Products unique to the nation and valuable in trade- encourage through subsidies and tax credits.
Creation of a nation that is economically self-sufficient.
Spain and Portugal- 16thand 17th. Netherlands, France, England- 17thand 18th.
Europeans had been taking African slaves since the 14thcentury, mainly for the rich. 17thCentury, the Church supported it. As Europeans settled, natives died of disease. The settlers needed greater manpower. By 1540, 10000 slaves per year imported
Obviously not, but how did they (particularly the British) accumulate this plethora of slaves?
15 million from 1540-1850 Only about half who made it were productive. (many had died of smallpox, dysentery, or suicide)
Why was the slave trade so popular? In 17thcentury, a European could purchase an African slave for $25. In America, that same slave would be worth $150. When the slave trade became illegal, prices soared.
Came from the West Indies. Philadelphia, Richmond, Charleston and New Orleans were major slave- trading cities.
Death rate amongst slaves was high. Women were expected reproducing at the age of 13, by 20, she was expected to have 4-5 children.
Slavery declined in Spanish America. Brazil and the West Indies, it increased due to the demand of _____________. During the 1st4 centuries, more slaves came to Americas than did free European settlers.
In English colonies, slaves converted to _____________ In French, Spanish, and Portuguese colonies, they converted to _________
Emancipation Proclamation 1863 British made selling of slaves illegal in 1807. Brazil made the selling of slaves illegal in 1888.
