The Slave Trade in Africa: Eric William's thesis "Capitalism and Slavery" a study of slavery's role in the English Economy. The changing status of the African State

The slave Trade in Africa Eric Williams dissertation entitled metropolisist economy and break ones backry is not a body of work on the arrangement of the knuckle down spate, but rather a study of the role of striverry in the English economy. In his dissertation Williams proposes the idea that capitalism is a result of the Atlantic slave trade. Williams defines capitalism as when someone can use their resources to pip a profit without that person actually being present. The Atlantic Slave Trade was then an eccentric of capitalism. English investors gave silver to pack companies, such as the Dutch due eastern Indian Company, who wound use those funds to purchase ships and vocation goods. The stock companies would then hire a crew and convey the ships to Africa where they would trade their goods for African Slaves. The ships would then transport the slaves to the Americas where they would change their homophile cargo and purchase American goods. The ships could t hen return to England and sell their American goods for capital, then splitting the profit amongst the investors. In his thesis Williams asserts that these stock companies were the first examples of capitalism and that the capitalists systems which are present in the ripe world are direct results of the Atlantic Slave Trade. It appears that Williams is correct in his thesis.

mend elements of capitalism, such as get and selling of goods, were present prior to the slave trade, this was the first situation in history when private investors combined their capital in the var. of a company whose sole purpose was to increase that capital. At no point did the stock companies manufact! ure any virgin product alternatively these companies served only to buy and sell commodities in such a counsel as to increase the capital of their investors. Ancient Africa was characterized by... If you want to get a bountiful essay, come in it on our website: BestEssayCheap.com

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