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Transatlantic Slavery and a Capitalist Modernity


The transatlantic or 'triangular trade' as it was so called due to its progression over the course of three major steps. Firstly ships would leave Western Europe for Africa filled with goods for which sailors would exchange for slaves the most popular and important commodities were weapons and gun powder followed by textiles, pearls and other manufactured goods. This exchange could vary in its time frame. The second step and the one that cost the lives of so many African slaves were the crossing of the Atlantic or 'the middle passage'. Africans were transported to America to be sold throughout the continent as slave labourers. The slave traders then brought back mostly agricultural products, produced by the slaves in plantations mainly sugar and tobacco until these stocks depleted and cotton became the main commodity involved in Industrial Revolution. It is estimated that between 25 and 30 million people, were taken from their homes and sold into a life of slavery.
             The origins of the transatlantic slave trade can be traced back to Portugal in the mid-15th Century. Portugal had been present in Western Africa for several years but in 1445 the King, Henry the Navigator instructed his sailors on their way to the continent to win over the natives so they could purchase human beings to be used as free labour rather than to kidnap them as they had done previously4. Their investment in human labour continued and grew and in 1488, the profit margins generated were so large that they almost solely funded the Christian nation's war against Islam in North Africa. By the 1500's the monarch was earning over 2 million reis from the slave trade through taxation alone5 and so by royal decree the first major factor that changed the face of the slave trade and the global economy was implemented. That being the Portuguese settlers in the Americas or the "New World" were given loans with easy repayment and interest plans to buy more slaves and develop sugar plantations.


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