The Economic Consequences of the Atlantic Slave Trade shows how the West Indian slave/sugar/plantation complex, organized on capitalist principles of private property and profit-seeking, joined the western hemisphere to the international trading system encompassing Europe, Africa, North America, and the Caribbean, and was an important determinant of the timing and pattern of the Industrial Revolution in England. The new industrial economy was no longer dependent on slavery for development, but rested instead on investment and innovation. Solow argues that abolition of the slave trade and emancipation should be understood in this context.

Debates over the economic, social, and political meaning of slavery and the slave trade have persisted for over two hundred years. The Atlantic Slave Trade brings clarity and critical insight to the subject. In fourteen essays, leading scholars consider the nature and impact of the transatlantic slave trade and assess its meaning for the people transported and for those who owned them. Among the questions these essays address are: the social cost to Africa of this forced migration; the role of slavery in the economic development of Europe and the United States; the short-term and long-term effects of the slave trade on black mortality, health, and life in the New World; and the racial and cultural consequences of the abolition of slavery. Some of these essays originally appeared in recent issues of Social Science History; the editors have added new material, along with an introduction placing each essay in the context of current debates. Based on extensive archival research and detailed historical examination, this collection constitutes an important contribution to the study of an issue of enduring significance. It is sure to become a standard reference on the Atlantic slave trade for years to come. Contributors. Ralph A. Austen, Ronald Bailey, William Darity, Jr., Seymour Drescher, Stanley L. Engerman, David Barry Gaspar, Clarence Grim, Brian Higgins, Jan S. Hogendorn, Joseph E. Inikori, Kenneth Kiple, Martin A. Klein, Paul E. Lovejoy, Patrick Manning, Joseph C. Miller, Johannes Postma, Woodruff Smith, Thomas Wilson

For review see: J.R. McNeill, in HAHR, 74, 1 (February 1994); p. 136-137.

This is the first study to consider the consequences of Britain's abolition of the Atlantic slave trade for British imperial expansion and the world economy.

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.

The question of the impact of slavery has gained new importance in debates on the history of economic development, capitalism and inequality. This edited volume explores how Atlantic slaved-based economic activities and their spin-offs have contributed to the economic development of Europe. The contributions to this volume each provide new data and methods for assessing the impact of Atlantic slavery, the slave trade and slave-related economic activities on Europe’s economic development. It traces this impact across Europe, from maritime and colonizing regions to landlocked regions, of which, the ties to the Atlantic slavery complex might seem less obvious at first glance. Together the studies of this volume indicate that slavery and colonialism played a pivotal role in the rise of Europe and globally diverging economic fortunes. The chapters in this book were originally published as a special issue of the journal Slavery & Abolition.

Seminar paper from the year 2011 in the subject English Language and Literature Studies - Culture and Applied Geography, grade: 2,7, University of Kassel, language: English, abstract: In the sixteenth century, when Europe's interest in Africa moved away from deposits of gold to the need of work force, the Atlantic Slave Trade began. Because of expansion to the New World, Europeans needed reliable workers who were not suffering seriously from diseases and who were used to a tropical climate. After indigenous peopled had proved unreliable and unsuited, African people emerged as excellent workers because they were used to the climate, resistant to tropical diseases, and also hard working on plantations (Boddy-Evans). The Atlantic Slave Trade took place across the Atlantic ocean, from the Western coast of Europe where goods were brought to the Western part of Africa. Slaves were then shipped through the Middle Passage to the New World and were traded with goods, which were brought to Europe. The so-called triangular trade ended in the nineteenth century through the abolition of slavery. Considering the forced migration of African people, the continent suffered great losses. About 13 million people were shipped to the Americas. There are still debates as to how much the continent was, and still is, affected by the trade. Due to the fact that slavery was not new to Africans and the influx of goods, the continent gained material benefits. But the loss of people and, therefore, the loss of work force for the continent itself, prove that Africa still suffers from that period. In particular, continuous poverty and underdevelopment play a major role (Boddy-Evans). The following will be focused on the effects on the economy, society, and people in Africa due to the Atlantic Slave Trade. It will be clarified how Africa changed and how great the effects on African society were and still are today. A working paper on a conference about reparations will be included to illumina