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History Of European Slave Trade

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Concluding the 15th century, Europeans took over slave trade with Arab and African counterparts, and formed a modern trans-Atlantic slave trade. A commercial revolution in Europe eventuated in the development of powerful nations, like Spain, Portugal, Britain, France and Holland. This gave rise to relatively new ideas featuring competition, commodity exploitation, and the accumulation of wealth. The importing and exporting of slaves became an acceptable and profitable part of European trade and commerce. Slavery, although labelled as a bane by many people, has turned out to be a boon from many viewpoints, such as indirectly brightening the economic prospects of the world, especially of the developing and underdeveloped nations (Bales

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