Economic Growth and the Ending of the Transatlantic Slave Trade

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Oxford University Press, 11 jun. 1987 - 434 páginas
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This watershed study is the first to consider in concrete terms the consequences of Britain's abolition of the Atlantic slave trade. Why did Britain pull out of the slave trade just when it was becoming important for the world economy and the demand for labor around the world was high? Caught between the incentives offered by the world economy for continuing trade at full tilt and the ideological and political pressures from its domestic abolitionist movement, Britain chose to withdraw, believing, in part, that freed slaves would work for low pay which in turn would lead to greater and cheaper products. In a provocative new thesis, historian David Eltis here contends that this move did not bolster the British economy; rather, it vastly hindered economic expansion as the empire's control of the slave trade and its great reliance on slave labor had played a major role in its rise to world economic dominance. Thus, for sixty years after Britain pulled out, the slave economies of Africa and the Americas flourished and these powers became the dominant exporters in many markets formerly controlled by Britain. Addressing still-volatile issues arising from the clash between economic and ideological goals, this global study illustrates how British abolitionism changed the tide of economic and human history on three continents.
 

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Economic growth and the ending of the transatlantic slave trade

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Ending the slave trade cost the 19th-century Atlantic economy significant growthparticularly in the Americas, Eltis argues. Using econometric models, his 13 chapters detail a complex case for an ... Leer reseña completa

Índice

The Atlantic Slave System 17601830
29
The Abolitionist Assault on Slave Traffic 182050
79
The Mechanics of the Illegal Slave Trade Economic and Political Aspects 182070
123
The Midcentury Atlantic Economy and Final Suppression 183070
205
Appendixes
241
Notes
293
Sources
399
Index
405
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