Economic Flashcards
What is Decline Thesis?
Critical of Humanitarians, Abolition was motivated by decline and only happened because the slave trade was no longer profitable.
What does Seymour Dresher argue?
Argues the economic decline played a role but was not the only motive.
How many slave ship voyages took place between the 16th and 19th centuries?
35,000 voyages
In the 1780’s what % of people’s income in Liverpool was based on the Slave Trade?
40%
How much profit was made a year by the end of 1700’s?
£3million a year.
How much did it cost to fit a ship in 1753?
£3153
In 1776 how much were merchants in Glasgow owed by American partners?
£1.3 million
How much did merchants in Liverpool lose?
£700,000
When was the Dolben Act. introduced, what did it do?
1788
Improved conditions on ships but also added more costs