Who benefited from the Transatlantic Slave Trade?
In the Transatlantic Slave Trade, triangle ships never sailed empty and some people made enormous profits. This Slave Trade was the richest part of Britain's trade in the 18th century. James Houston, who worked for a firm of 18th-century slave merchants, wrote, "What a glorious and advantageous trade this is... It is the hinge on which all the trade of this globe moves."
Between 1750 and 1780, about 70% of the government's total income came from taxes on goods from its colonies. The money made on the Transatlantic Slave Trade triangle was vast and poured into Britain and other European countries involved in slavery, changing their landscapes forever. In Britain, those who had made much of their wealth from the trade built fine mansions, established banks such as the Bank of England and funded new industries.
Who profited?
- British slave ship owners - some voyages made 20-50% profit. Large sums of money were made by ship owners who never left England.
- British Slave Traders - who bought and sold enslaved Africans.
- Plantation Owners - who used slave labour to grow their crops. Vast profits could be made by using unpaid workers. Planters often retired to Britain with the profits they made and had grand country houses built for them. Some planters used the money they had made to become MPs. Others invested their profits in new factories and inventions, helping to finance the Industrial Revolution.
- The factory owners in Britain - who had a market for their goods. Textiles from Yorkshire and Lancashire were bought by slave-captains to barter with. One half of the textiles produced in Manchester were exported to Africa and half to the West Indies. In addition, industrial plants were built to refine the imported raw sugar. Glassware was needed to bottle the rum.
- West African leaders involved in the trade - who captured people and sold them as slaves to Europeans.
- The ports - Bristol and Liverpool became major ports through fitting out slave ships and handling the cargoes they brought back. Between 1700 and 1800, Liverpool's population rose from 5000 to 78,000.
- Bankers - banks and finance houses grew rich from the fees and interest they earned from merchants who borrowed money for their long voyages.
- Ordinary people - the Transatlantic Slave Trade provided many jobs for people back in Britain. Many people worked in factories which sold their goods to West Africa. These goods would then be traded for enslaved Africans. Birmingham had over 4000 gun-makers, with 100,000 guns a year going to slave-traders.
- Others worked in factories that had been set up with money made from the Slave Trade. Many trades-people bought a share in a slave ship. Slave labour also made goods, such as sugar, more affordable for people living in Britain.
Tippu Tip - Wikipedia, the free encyclopedia
Tippu Tip or Tib (1837 – June 14, 1905), real name Hamad bin Muḥammad bin Jumah bin Rajab bin Muḥammad bin Sa'īd al-Murghabī (Arabic: حمد بن محمد بن ...
Tippu Tib (Arab trader) -- Encyclopedia Britannica
Tippu Tib, also called Muhammed Bin Hamid (born 1837—died June 14, 1905, Zanzibar [now in Tanzania]), the most famous late 19th-century Arab trader in ...
Tippu Tib
El Murjebi, better known as Tippu Tib or Tib (1837-1905) was a famous trader, explorer and author from Zanzibar. His mother was Arab, his father
Swahili. A notorious trader in slaves and ivory, between 1880-1895 he grew immensely wealthy by virtue of penetrating central Africa and ruling over an expansive commercial empire (roughly eastern Congo) from where he supported numerous well known European explorers: David Livingstone, Henry Morton Stanley, Hemann Wissman, Verney Lovett Cameron, to name a few. He published his autobiography The Life of Hamed bin Muhammed el Murjebi in 1902 (evidently the first book written in Swahili) which was subsequently translated into Latin, German and English. Seated with Arab and British dignitaries
| Tippu Tip | |
|---|---|
 | |
| Born | Hamad bin Muḥammad bin Jumah bin Rajab bin Muḥammad bin Sa'īd al-Murghabī حمد بن محمد بن جمعة بن رجب بن محمد بن سعيد المرجبي 1837 Zanzibar |
| Died | June 14, 1905 |
| Ethnicity | Swahili |
| Occupation | Slave trader, ivory merchant, explorer, governor |
George Washington and slavery
When Washington was twelve years old, he inherited ten slaves; by the time of his death, 316 slaves lived at Mount Vernon, including 123 owned by Washington, 40 leased from a neighbor, and an additional 153 "dower slaves."
At various times in his life, Washington privately expressed strong support for the gradual abolition of slavery.
Slavery in Hinduism By Avijit Roy
www.mukto-mona.com/Articles/avijit/slavery_hinduism.htmHinduism is more specific and louder in legalizing slavery, IMO.Hinduism is the one and only religion in this world which has a documented concept of "Occhut" ...Islamic views on slavery - Wikipedia, the free encyclopedia
Islamic views on slavery first developed out of the slaverypractices of pre-Islamic Arabia, and were at times radically different, depending on social-political ...
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