The Role Of Insurance In The 18th Century

Today, many American’s are very prideful of being part of a Country that not only portrays, but also truly offer an abundance of opportunities for education, careers, housing, for many immigrants’ jobs, and most importantly Freedom. Currently the American motto is that there are no impossibilities, work hard to achieve highest potential and failure is not a negative innuendo, but a mark of the imprints of success. Nevertheless, as one researches and studies American history the stroll down memory lane is sad and disappointing. Use The Trans-Atlantic Slave Trade Database website (http://www.slavevoyages.org/voyage/search)1 take a stroll into the past during 1607-1808 the Trans-Atlantic Slave Trade slaves took the place of what we call today America’s industry workforce. Unfortunately, during the Trans-Atlantic Slave Trade the slaves did not have a choice, mistreated and stripped of their rights and dignity, dehumanized, and all for the purpose of commercialism competitiveness and industrial prosperity. As shown on the Trans-Atlantic Slave Trade Database, during 1607-1808, the total number of slaves embarked on voyages to the Mainland North America was 360,999; however, these slaves experienced the highest form of cruelty and uncaring treatment

Britain’s colonies in North America went from a society with slaves to a slave society. Owning slaves became a key part of everyday life for many plantation owners by the end of the period. Throughout the period, the focus shifted from indentured servitude to slavery because slaves proved to be more profitable. Slavery in the colonies stayed so popular because it was based on racial, social, and economic values. It changed the way that plantation owners did things, and they wanted to keep their own profits

The introduction of Africans to America in 1619 set off an irreversible chain of events that effected the economy of the southern colonies. With a switch from the expensive system of indentured servitude, slavery emerged and grew rapidly for various reasons, consisting of economic, geographic, and social factors. The expansion of slavery in the southern colonies, from the founding of Jamestown in 1607 to just before America gained its independence in 1775, had a lasting impact on the development of our nation’s economy, due to the fact that slaves were easy to obtain, provided a life-long workforce, and were a different race than the colonists, making it easier to justify the immoral act.

In the seventeenth century, European people begin to settle in the North America. They started to invest in the natural resources in the eastern America using the best resource they found in the land, captured Native Indians. Many poor European people migrated to North America for opportunity to earn money and rise of their social status. They came to the America as indentured or contracted servants because the passage aboard was too expensive for them. By the time many Native Indians and indentured servants die from the hard labor and low morality rate, masters of the plantation purchased more slaves from Africa to profit themselves. The “Virginia Servant and Slave Laws” reveal the dominant efforts of masters to profit from their servants and slaves by passing laws to treat slaves as their properties and to control servants and slaves by suppressing the rebellion using brutal force. Masters and rich planters sought to earn more profit from mercantilism, or trade, economic system by violating the civil rights of Native Indian, African, and poor European people and this thought and practice still exist today as a form of racism and segregation in America.

Slavery back in the 1800s was for profit, despite there not being a lot of profit. Slavery now, despite being illegal and short-term, has very high profit. The most profiting type of slavery back in the 1800s was forced labor, as that was the most common types of slavery. It was mostly for plantations, and cotton farming. Nowadays, slavery is used for sex trafficking forced labor, child trafficking, and even forced marriage. It is very high profit, as work is short- term but well paying despite being very

The slave trade in the North American colonies began to grow in the 1600s. The African slave trade sourced their slaves from many different West African villages and countries. The business of slavery was a growing and profitable field, not only for the slavers, but also for the slaveholders. With the decrease of indentured servants, settlers in the English colonies looked for a new source of labor to satisfy their growing labor demands. The next source was Africa. “By the 1690s slaves outnumbered indentured servants four to one” (45). Europeans largely disregarded the ethical dilemma posed by slavery due to the European view of Africans and their culture as uncivilized, foreign, and heathen (44). The largest forced migration in history (44)

First, Ferguson introduced the idea that competition has the ability to propel a nation into prosperity. The word “competition” is rather multi-faceted and can be interpreted in numerous ways depending on the context. In his TED Talk, Ferguson considered competition in a political sense. While political competition may not serve the purposes of this argument, other forms of competition were surely factors in the conception and perpetuation of slavery. Perhaps the sort of competition that was most notable and most influential in the continuation of the slave trade was that of competition between the wholesalers that benefited from the use of slaves. It can be argued that self-interest is one of the strongest motivators for action. Considering that the western world is “more individualist than the rest” (Lal 12), from a purely financial standpoint, many were willing to do whatever it took to ensure their own individual success. As Fusfeld illustrated in his book, “The vice of selfishness would spur people to maximize their gains…” (20). Arguably, the exploitation of slaves could be considered far more economically efficient than hiring a free man to do the job. Regardless of whether these beliefs could be supported by facts, plantation owners were keen on maximizing profit and minimizing loss. It was crucial that one could produce the means necessary to overpower the rival planters in the market. Failing to do so could have potentially lead to financial ruin. If forcing a

Although, Slavery had existed for centuries as a lowest social status in different parts of the world like Africa, Roman Empire, Middle East and etc., in English colonies slavery gained an importance, because of increasing demand for labor force and becoming relationship legitimated by law. Therefore, Englishmen were the reason of slavery in the colonies and its consequences.

Slaves were an economic positive but a social negative in history. They helped the economics of the country thrive and grow, but it was also a insult of a race. Africans also had a history that they should have been proud to have. Instead, they were denied their heritage and were made to be ashamed of the people that they were. The development of slavery was the white slave owners ' way to maintain control of the growing population of Africans, socially and industrially. If the slaves were confined to the fields of the plantations for supervision, the whites would remain dominant race and maintain their theory of "white supremacy." It also freed the slave owners from the worries of labor

Slave trading was a business and “over the four centuries of Atlantic slavery, millions of Africans and their descendants were turned into profits.” (Johnson) The Atlantic trade was highly depended on by slave owners as the life expectancy of a slave working in the sugar cane plantations was about seven years in the Caribbean. Due to the use of slave labor by the 18th century surplus capital was being invested in European industry.

Slavery lives on all era in world history till lately, but its life has not constantly had the similar economic trait. Two questions ought to be answered to properly examine any definite cause of slavery: (1) what further systems of labor live in the civilization also to slavery? And (2) what system of labor is leading? In this manner we can make a difference among ancient slavery (e.g., in Greece and Egypt where free farmers live together with slaves, but slavery was leading) and antebellum slavery in the United States (which live together with free farmers, but was conquered by the industrially-based capitalism of the urban North). The past dominance of capitalism in the United States made antebellum slavery the most uncivilized system of slave work. Not

Even though the slavery was introduced in the early 1600s, it had no doubt that the abolitionist inaugurated the movements about the slavery actively from early 1850s. The slavery became the essential part of industry in the South more than in the North because of the large plantations and slave trades. So in the Southerners’ perspective, the slave flourished the businesses with their inexpensive labor forces in order to profit; they argued slaves were by and large a culturally inferior, child-like people who were treated well by whites and thus content with their status in life. However, Uncle Tom’s Cabin described the slavery as an evil institution that must be abolished accurately from the historians today.

By the mid-19th century, the alcohol with accidents alliance stated the individuals were accountable for their own safety and the victim shared the fault for his or her harm. This belief was developed by industrial accident records and they announced that for more than 90% of "accidents," it was mostly the injured person’s fault, and the 10% left was unavoidable. In the early 1900s, insurance company-sponsored research announced 2 approaches: number one was that safety promotion was productive in relation to its cost.; and number two was that injuries had psychological causes. Psychologists say that injuries were caused by mental errors, thus, the safety expert should be trained to search for psychological issues. This concept toke over the

Money can presumably be seen as a root of evil. Greed can consume a human’s moral to the point of pure corruption. Thomas Jefferson remains an icon in American history, despite the travesties he attributed to involving slavery. Jefferson once preached equality until he got a taste of the lavish life. Upon the inheritance of slaves, Jefferson receives a first-hand experience of the luxury of being a slave owner. Jefferson utilizes slaves to achieve economic success without regard to the suffering accompanied with the gruesome work. With his multitude of slaves Jefferson gains riches through agriculture and industry, but his excessive spending to acquire a lavish life drain him economically.

“He offered me also sixty pieces of eight more for my boy Xury, which I was loth to take; not that I was unwilling to let the captain have him, but I was very loth to sell the poor boy's liberty, who had assisted me so faithfully in procuring my own” Defoe (1719:20). Slavery was a normal part of European life in the 17th century when the novel Robinson Crusoe was written it was seen a fact rather than a moral issue. One can notice that early in the book Crusoe himself is taken and traded into slavery, but in his case he is treated well and manages to escape meaning he does not suffer consequences of being a slave. He then decides that he cannot tolerate being made a slave but he fails to apply this similar attitude to other