As shown in (Doc.1) you could see why the British and the French competed for power over the Caribbean. The Caribbean was an ideal waterway for trading with other countries. It had routes that could lead in any direction which made sugar trade a whole lot easier and a marvelous way to obtain wealth. In addition, sugar trade was driven by consumer demand. I agree but disagree with some of the text stated in (Doc.4) because sugar is compared to as alcohol by its addictive taste to people that had never tasted sugar before.
Cotton was needed around the world because of the invention of the spinning machine. There was a great need for workers, to work the fields and gin the cotton, thus more slaves were needed. This made life difficult for the slaves. Slaves were worth more money, and the whites’ attitudes changed toward the slaves and there was a decline of freed slaves after 1800. Therefore the slave population grew.
The needs of British manufacturers certainly did contribute to the expansion of the slave trade from 1760 – 1800 as they needed all sorts of materials for making what they did, However, there were other factors that contributed as well such as consumer demand, the profitability of the slave trade, the need for a labour force on the plantations and the development of the triangular trading system. Consumer demand was high during the slave trade from all types of industry for example; coal, metal, and ship building materials needed to make the ships that would trade and transport slaves were high on the demand list. It wasn’t just the industries demanding, it was the British public who now had a taste for the Caribbean goods such as sugar, rum, tobacco, coffee and cotton for clothes. The introduction of tobacco had high demand as people would become literally addicted to it. So this was also a key factor in the expansion of the slave trade.
The countries involved in the ‘Scramble for Africa’ were Britain, France, Portugal, Spain, Belgium, Germany and Italy. A key economic feature of colonialism was producing and exporting raw materials either agricultural or mineral, precious metals such as gold, silver and copper. Tropical products for luxury consumption such as coffee, sugar, spices, timber and fabrics like cotton. Later when Britain, France and Germany were competing against each other for colonies in Africa in the last quarter of the nineteenth century, the international market had changed rapidly with a huge demand for raw materials for manufacturing such as jute, cotton, rubber and sisal (Bernstein, 1992:48). Mass consumption demand such as tea, sugar and vegetable oils (Bernstein, 1992:48).
The middle class developed because the increase of trading opened up room for specialized workers Along with the growth of the middle class bankers, capitalists, and other occupations also began to develop. The development of the capitalist industry produced a concentration of banking, and this concentrated banking system was an important force in attaining the highest stage of capitalist concentration in cartels and trusts. As Western Europe began to colonize the Americas, more social changes started to take place. The encomienda system was set up in the Spanish colonies to distinguish the Europeans from the slaves. The encomienda system divided the all the people now living in the Americas into distinct social groups with the foreigners (peninsulares) at the top, those born to European parents in the Americas (creoles) and natives at the bottom.
Since Europeans were experiencing great economic gain, because they had the slaves and native peoples working for them, European countries with established colonies in the Americas began to become increasingly richer. This sparked a social change since an increase in finances led to an increase the power that kings and authority figures in Europe possessed. However, a negative social aspect that occurred due to Europeans immigrating to the Americas was that they brought diseases from their home countries that the native peoples weren’t exposed to before. This caused a devastating decrease in the population of the Native Americans throughout this time
Jarrod Tasnady 9/20/14 Economics played a huge role in the establishment of European colonies in North America. From the beginning in settlements such as Jamestown and Plymouth went nearly extinct. They were saved by advancements in the economy. Due to agricultural discoveries farmers were able to produce a high demand in tobacco. This is what led to the establishment of not only Jamestown and Plymouth but as well as many other future settlements.
* While the Chesapeake Bay was struggling with money they came to a conclusion that the only way they would be on par with the economy is if they had Tobacco. * Unfortunately now since slaves were getting bought my many rich families, many slurs started to arise such as the n work and many harsh more. * The Carrabin was a main source for slaves which only the high end wealthy families bought and used to work on planation for Tobacco etc. The Web of Empire and the Atlantic Slave Trade Claim- Most large Europeans started to benefit with the economy due the large demand of slaves at the time. This only led to the downfall of small business since now they wouldn’t have much inventory and as many customers to sell their goods too.
Mississippi was admitted as a slave state to the union because of the intense profitability of cotton and the use of slaves. The war of 1812 would drastically change the relationships of plantation owners and the slaves that they owned. The owners begin to realize if they treated slaves like humans it would likely decrease the odds that the slaves would rebel against them. Slaves begin to migrate into Mississippi very heavily during this time also. The slave trade saw massive amounts of slaves being brought into this area at this time.
Brazil’s absolute advantage in the sugar cane production suffers from the policies to promote the production of ethanol and the tariff barriers placed on sugar cane imports. Sugar cane can also be used for biofuels, however due to the tariff barriers the price of sugar cane has increased and it can no longer compete with the subsidized corn and soy beans. The Poor are suffering worldwide