Why was the slave trade important to Europeans?
The slave trade was the way to do it, bringing to European nations more money (gold and silver) than ever before. This wealth would also help to bring about the Industrial Revolution, which first began in the European nation of Great Britain.
How did the slave trade benefit?
The slave trade was important in the development of the wider economy - financial, commercial, legal and insurance institutions all emerged to support the activities of the slave trade. Some merchants became bankers and many new businesses were financed by profits made from slave-trading.
What was the slave trade and how did Europe benefit from it?
The trans-Saharan slave trade had long supplied enslaved African labor to work on sugar plantations in the Mediterranean alongside white slaves from Russia and the Balkans. This same trade also sent as many as 10,000 slaves a year to serve owners in North Africa, the Middle East, and the Iberian Peninsula.
Who benefited from the slave trade Why?
Slave owners in the Lower South profited because the people they purchased were forced to labor in the immensely productive cotton and sugar fields. The merchants who supplied clothing and food to the slave traders profited, as did steamboat, railroad, and ship owners who carried enslaved people.
What impact did slaves have on Europe?
The Atlantic slave trade contributed to the activity of many provision and redistribution markets, and enabled the creation of large fortunes that were invested in highly diverse activities and forms of consumption.
How did Europe benefit from the triangular trade?
Europe derived great wealth from the Triangle of Trade, and saw a diffusion of not only European cultural customs, but of people as well. They were known to have spread weapons across the regions, especially to their trade partners on the African continent.
How did the slave trade effect Europe and Africa?
The slave trade had devastating effects in Africa. Economic incentives for warlords and tribes to engage in the slave trade promoted an atmosphere of lawlessness and violence. Depopulation and a continuing fear of captivity made economic and agricultural development almost impossible throughout much of western Africa.
How did the slave trade benefit Britain?
British industry benefited by supplying factory-made goods in exchange for enslaved people. Profits made in the slave trade provided money for investment in British industry. Banks and insurance companies which offered services to slave merchants expanded and made cities such as London very wealthy.
What impact did the slave trade have on Europe quizlet?
It benefitted Europe economically, as they were able to sell the slaves for profit and collect raw materials from the slave labor which they could use to create manufactured goods in their factories in Europe.
How was the Atlantic slave trade beneficial for merchants in Europe?
How was the Atlantic slave trade beneficial for merchants in Europe? NOT They had a source of free labor in the slaves they traded for. How did the slave trade impact Africa? NOT Africa's population decreased dramatically due to the number of slaves sold and forced to involuntarily migrate from Africa to the Americas.
What part did the slave trade play in helping Europeans take control of much of Africa in the 1800s?
What part did the slave trade play in helping Europeans take control of much of Africa in the 1800s? Europeans were able to enslave the people they conquered. The slave trade had weakened many African kingdoms. Europeans insisted that Africans practice slavery.
Who benefited the most from the Triangle trade?
The side that benefitted most from the Triangular Trade routes was Europe. Traveling to the western coast of Africa, European traders exchanged...