Capitalism and Slavery

1511 WordsNov 1, 20067 Pages
Capitalism: End Of The Slave Trade System or Reevaluated Economic Stimulus. Like many others demoralized cultures during the Atlantic Slave trade period, Africans fell victim to the sixteenth century discovery of Columbus' so called "New World." Europeans used the Atlantic Slave Trade to capitalize on Columbus' so called "Discovery." For more than three centuries, the regions of Africa were in a state of destabilization. More than thirty million Africans were taken out of Africa and put in the Americas and surrounding countries. The horrors of the New World Atlantic Slave trade system cannot be expressed in figures along. The humanitarian and cultural losses are staggering. Throughout this period, more than a million and a half died…show more content…
Adam Smith's "Book Wealth Of nations" discusses his philosophy and motivation for salaried labor. Smith argued that the institution was just one more artificial restraint on individual self-interest. "THIS division of labor, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual consequence of a certain propensity in human nature, which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another." If a man had no hope of property, Smith thought, he would obviously work badly. He based his beliefs from experience of all ages and nations. "Work done by freemen comes cheaper in the end than that performed by slaves." That sentence was immensely influential in the slave labor plantation system. Smith's interpretation was taken exceptionally serious because unlike most who were opposes to slavery based on factors such as religion and moral belief, Smith never mention moral or religion regarding slavery as a factor in his book "Wealth of Nations". Slave owners and businessmen alike nationwide took interest in Adam Smith's philosophy. Plantation owners began to reevaluate the effectiveness of their forced labor non-pay accommodation system. Many slave owners began to consider eliminating slavery as their means of capital and social
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