Who Profited From Slavery+Effects On Britain

Question 1

The government

Answer 1

In 1800 about 5% of the national income came from the Trade of slaves and the West Indian colonies. Taxes and duties went to the government.
1785, custom receipts on imported goods were £648000 for the government.

Question 2

Cities

Answer 2

Bristol, Liverpool and London were the main cities involved. Liverpool grew from 5,000 inhabitants to 78,000. Bristol from 20,000 to 64,000. This was the growth of ports to centres of international trade.
In London, powerful pressure groups were formed

Question 3

Private individuals

Answer 3

Planters from the colonies made huge fortunes and returned to Britain. They usually bought:
-Vast country estates
-Build large houses in London
-Bought seats in Parliament 
-Lived in great luxury
For example, William Beckford

Question 4

Employment

Answer 4

Shipwrights, sailmakers, rope makers, provision merchants, dockers and sailors were all needed. Nearby towns also profited.
Iron forgers, gunsmiths, weavers, potters and glass makers all found new demands for their products.
For example, Manchester.

Question 5

Investment

Answer 5

Planters and traders invested in:
-Manufacturing industries
-Banking
-Transport
For example, The Phoenix Insurance Company and Barclays Bank were founded with sugar and slavery profits.
John Gladstone invested profits from slave-worked plantations in a worldwide shipping and trading empire, like the Liverpool to Manchester railway.
Docks, warehouses, canals and railways were all built with profits from slavery.