Economic Flashcards

1
Q

What is Decline Thesis?

A

Critical of Humanitarians, Abolition was motivated by decline and only happened because the slave trade was no longer profitable.

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2
Q

What does Seymour Dresher argue?

A

Argues the economic decline played a role but was not the only motive.

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3
Q

How many slave ship voyages took place between the 16th and 19th centuries?

A

35,000 voyages

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4
Q

In the 1780’s what % of people’s income in Liverpool was based on the Slave Trade?

A

40%

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5
Q

How much profit was made a year by the end of 1700’s?

A

£3million a year.

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6
Q

How much did it cost to fit a ship in 1753?

A

£3153

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7
Q

In 1776 how much were merchants in Glasgow owed by American partners?

A

£1.3 million

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8
Q

How much did merchants in Liverpool lose?

A

£700,000

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9
Q

When was the Dolben Act. introduced, what did it do?

A

1788
Improved conditions on ships but also added more costs

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