Impact On British Economy - Slave Trade

Question 1

Slave trade impact on British economy - Finance

Answer 1

•British slave ship owners made 20 - 50% profit
•Between 1761 - 1807 British traders transported 1428000 African slaves across the Atlantic and made £8 billion
•British sold slaves and products they grew and this made many people rich and raised huge amounts of taxes for the government

Question 2

Slave trade impact on British economy - Employment

Answer 2

•Slavery created lots of jobs in Britain
•Ships needed sailors as crew as well as rope makers, sail makers and carpenters
•Thousands of dock workers were needed

Question 3

Slave trades impact on British economy - Military

Answer 3

•Britains military was stronger due to slavery, building slave ships let to improvements in military vessel designs
•The tax money raised let Britain build a bigger navy

Question 4

Slave trades impact on British economy - Goods

Answer 4

•Being part of the slave trade gave Britain access to the goods that slaves worked on
•Many things were cheaper because of slave links

Question 5

Slave trades impact on British economy - Cities and People

Answer 5

•Cities and people across Britain also became rich thanks to the slave trade such as Thomas leyand

Question 6

Slave trades impact on British economy - Population

Answer 6

•Britain’s population changed and grew thanks to the availability of jobs
•Cities such as Liverpool saw a huge population increase to work in the cities ship yards