How the UK benefited from the Slave Trade Flashcards
Which years were London the only Britain port that was allowed to trade in African Slaves
1663-1698
What was provided by banks that merchants needed in the triangle trade.
Insurance and loans so it helped make a lot of profit and financial services all together
What are some examples of Banks in London that helped provide insurance for merchants to make profit
Loyds Bank, Barclays Bank, The bank of England and Barings Bank
London vessels carried how many African Slaves into slavery in 1663-1698
They carried more than 150,000 African slaves into slavery
How did London benefit from the slave trade
London benefited from the slave trade because it provided the financial services necessary.
How did London use the financial services for the slave trade
Merchants in the triangle trade needed insurance so if their vessel hit a storm and they lost everything it would be insured so they wouldn’t loose all of their money.
How did bristol benefit from the slave trade
They built tons of very good quality buildings and industries such as copper smelting, sugar refining and glass making boomed.
How did Bristol benefit from being good entrepreneurs
They has increased trades with the Caribbean and developed close relationships with slave traders in west africa.
How did Liverpool benefit from the slave trade
they became one of the richest trading centres in the world because of how cheap parking would be and the water was so deep currents wouldn’t happen so it was easy to travel through.
Wherewas the biggest slave ship building port
Liverpool
Why was parking a lot cheaper in Liverpool
It was because the deep water wasn’t effected by tides so ships could unload and reload quicker which reduced the costs of parking in the docks
How was Glasgow involved from the slave trade
They made a lot of money dealing american tobacco which was produced by African slaves.
