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Slave Trade & the Industrial Revolution

Decent Essays

The Atlantic slave trade was a key driving force to the industrial revolution in Britain

Britain experienced a huge industrial development from 1750 onwards. This development led to Britain being one of the wealthiest countries in the world. The changes and development happened at the same period of time that the slave trade was at its peak and Britain was one of the countries most heavily involved. Britain also played the biggest role in the trade out of any other European country. Is this merely coincidence or is there a connection between these two? Was the slave trade causing Britain's growth in economy and industrial development? Seeing as the ports, such as the ports in Bristol and Liverpool became wealthy, more jobs were created, …show more content…

Liverpool soon became the largest slave trading port in the Atlantic slave trade system. From this, Liverpool gained a lot of money from taxes on imports and exports which was hugely beneficial to the economy. The government gained about 5% of their income from the taxes paid on these ports which meant that the slave trade was accumulating significant amounts if money. Many jobs were also created by the trade as dockworkers, sailmakers, sailors and ship reporters were needed. Because of the job increase, the economy grew because of taxes and there were fewer unemployed people.

From all the money that was being accumulated from the slave trade, Britain was able to finance a lot of new technology, such as the steam engine. This proves that the slave trade was highly involved in the industrial revolution. Huge profits were being made by investors, merchants and plantation owners and they were investing these profits into banking, insurance and the development of industries which allowed Britain to develop and advance in technology.

New machines and techniques also came with the revolution and it also had a revolutionary effect on farming and manufacturing goods. New factories were developed and the manufacture of cotton became very important and a lot of the cotton being supplied by Britain was produced by slave labour.

The invention of

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