The Slave Trade (Atlantic Triangle) Flashcards
Between 1701 and 1720, how many slaves were there in British American colonies?
30,000
Between 1720 and 1740, how many slaves were there in British American colonies?
70,000
What was a benefit of the slaves in British America?
Slavery provided cheap labor.
Slaves had a variety of skills that others in the colonies didn’t have.
Slaves made up a large number of the population.
Which colonies were slaves usually sent to?
Southern colonies.
When was Britain given asiento?
1713.
What did the asiento allow Britain to do?
Supply slaves.
What was a condition of the asiento?
Britain had to pay £7.5 million to buy the asiento.
Britain had to carry 4800 slaves each year for 30 years.
A regular payment to Spain was needed.
When did the asiento end?
In 1739, following the war of Jenkins Ear which ended the agreement.
From 1713 to 1739, how many slaves were shipped?
75,000
Who was the monopoly to supply slaves given to?
The South Sea Company.
How much did the South Sea Company receive from investors?
£9 million
How did the South Sea Company fail to impress the investors?
Smugglers sold slaves to Spanish colonies which brought down the prices.
Different wars disrupted trade.
How much were the shares in 1720, and what had they decreased to by the end of 1720?
Originally £1000, decreased to £180.
