Profitability of Slavery

1399 WordsFeb 1, 20186 Pages
Profitability of Slavery Throughout the years, slavery has been regarded as a profitable investment that fueled economic growth in both Spain and Portugal, but the reality is that it was only profitable in the beginning as it began to depreciate towards the end of slavery. The latter part is precisely the reason slavery ended because it was no longer profitable to slave owners. The cheap labor provided by the African slaves that ensured many Europeans’ wealth eventually backfired as slavery made European slave owner’s dependent on trade rather than self-sustainable. Slavery not only led to dependency and depreciation, but also to wars and disparity amongst Latin American colonies. The origins of the slave trade in what is today recognized as Latin America date back to the 15th and 16th centuries. He brought the first African slave in 1519 as it is depicted in the codices. The first African slave is said to have been named Juan Garrido. Along with him were 300 other slaves who were referred to as “ladinos” since they had been previously acculturated to Spanish culture by the time they arrived in the New World. Many of these African slaves were in fact mulattos who had already mixed with Spaniards and many of them were already used to their owners since the Spanish had colonized the Canary Islands since the 14th century. In the colonized Canary Islands, the African slaves would work the agriculture of sugar cane while some were artisans or domestic servants. Not only
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