Restoration England - Trade Flashcards
why was trade a concern for Restoration England?
- products like sugar, coffee, tea and cotton could not be grown in Britain and there was an increasing demand for them
- one option was to buy these products from rival countries but this would simply increase those countries’ wealth
what was the policy of ‘mercantilism’?
- this was a policy which ensured the money went to British businesses rather than foreign ones and only British ships were allowed to transport goods
why were the Navigation Acts introduced?
- it was accepted that there was a limited amount of wealth and if a rival country was involved in British trade that meant that the wealth would move into foreign hands
- the Acts were designed to stop this from happening
what were the key points of the Navigation Acts?
- Only British ships could transport goods between the colonies and Britain
- Crews must be at least three-quarters British
- goods such as sugar, tobacco and cotton that were produced in the colonies could be exported only to Britain and its colonies
- from 1663 all goods had to go via Britain in order to be taxed and colonies had to buy all their manufactured goods in Britain
- the 1673 Act banned the direct trading of raw materials between colonies
when did the slave trade of Africans begin?
- African people were first traded as slaves during the reign of Elizabeth I
- merchants and privateers would capture them, or trade with tribal leaders and kings, and then take them to the Americas to trade for goods
- the trade was on a small scale, however, and up to individuals to organise and make deals among themselves
how did African slave trade develop into the seventeenth century?
- as the British colonies in the Caribbean grew and developed during the Restoration, a larger workforce was needed to manage the plantations
- African slaves were the answer
- a more extensive operation was needed than had ever existed before
what company was given the exclusive right to trade in the British territories of West Africa?
- The Company of Royal Adventurers Trading to Africa
who set up the Company of Royal Adventurers Trading to Africa?
- it was set up by Charles II in 1660 and was led by his brother, the Duke of York
why was the Company of Royal Adventurers Trading to Africa originally set up?
- its initial purpose was to trade in the region’s gold along the River Gambia
what happened to the Company of Royal Adventurers Trading to Africa after the Second Anglo-Dutch War?
- after the end of the Second Anglo-Dutch War in 1667, the company fell into debt and was relaunched as the Royal African Company, complete with a new royal charter in 1672
- the company had recognised the need for slave labour in the Caribbean and began to fill this gap in the market in the 1680s, the company was transporting around 5000 slaves a year across the Atlantic
what would a slave traded by the Royal African Company be branded with?
- slaves were branded with either the company’s initials (RAC) or the initials of its governor, the Duke of York (DY)
why did Europeans bring African slaves into America?
- Millions of native people in South and North America were killed by diseases like smallpox that were brought over by the Europeans
- bringing in strong and healthy men and women from Africa to replace them seemed logical
how did Europeans view African slaves as?
- to the European businessmen, African men, women and children were simply other commodities to be bought and sold, and the trade in slaves became a key part of the success of the English trade in general
who profited from the slave trade?
- slave ship owners
- slave traders
- factory owners
- bankers
- ports
- plantation owner
- ordinary people
how did slave ship owners benefit from the slave trade?
- up to 50 per cent profit could be made by ship owners who often never left Britain