- Shifts in the pattern of economic activity.
- 11 million after 1500.
- Gew at rates comparable to the industrialization of Britain: Cuba, much or Caribbean
- structure. economy much different. (though)
- sharp. difference- between Caribbean and mainland economies.
- There was a slave labor- based economy and white people were in charge.
- which produced exports
- recent work on salvery- pre-1800
- paradox. argument. permanent decline, in British, slave economy. took place- later 18C.
- supperted. despite the volume and value of sugar increasing at the time. which both stayed productive until the end of slavery.
- Most slaves were destined to produce the product called sugar.
- Series. The series of recorded slave and sugar prices allows us to derive an annual record of slave productivity, that can be measured all the way across the caribbean. There is also information for estimated population of slaves and numbers of slave imports. If we combine the two, inferences can be made about the shifts in slave labor, and the productivity change in slave agriculture, spanning across the Caribbean.
- An American born slave had a higher life expectancy than an African born slave, therefore had a higher selling price.
- The Carribean was the center of slave economies of America. It was not North America and it was not Brazil, according to late 17 Centry and early 19th Century exports. The English Caribbean grew in just 25 years to 400,000 euro. (8.) In 1850 the output in the Caribbean was 10x greater than a 150 years earlier.
- The pattern of productivity rises and falls, and the pattern moves in cycles. One of these cycles went as follows, sugar is exported, the price of sugar goes down, and the slave price remained stable. This cycle occurred: 1640s-1670s, but there are other cycles as well. A decrease on one end could mean an increase in another or it could be the other way around, vise versa. Productivity moved around during the slave trade years from good to great to greater still and then not so good at all. “Such large variations in measured productivity are not unusual in activities based on primary products, since output price of fluctuation can be considerable.” What this says is the productivity of the slaves is based on supply and demand. The big differences in how hard the slaves are working across the board are not uncommon to see if we look at the product they are producing, because is the demand for sugar is high, the productivity will be higher, and the price of that product will also be higher. Supply and demand occurs in the basics of economics, which is what we saw took place here, within the Atlantic Slave Trade.
- Biases ouccurred in rates and in the tables. Ratios provided the Index which can be helpful but misleading. It showed the slave population growing, but the slave population was growing at different rates in different places. This was not recorded and instead the slave population was shown rising as whole, when in some places, it wasn’t. Barbados, East Caribbean and West Caribbean all experienced different growth rates.
- The total from 1700-1790 moved from 150,000 slaves to 1.2 million (8). The rising income per person in pre-20th century America can be credited back to the Atlantic Slave Trade. Slavery was essential to the development of the new world. This was the effect it left on Atlantic Economies, there would be no rise of product, or in profit without the slave trade, or the millions of slaves that were forced to be apart of it.
E. Ercoli- Big bang in watercolor (cool song)
David Eltis, Frank D. Lewis, David Richardson, “Slave prices, the African Slave Trade, and Productivity in the Carribbean, 1674-1807”, The Economic History Review, New Series, Vol.58, Nov. 4 (Nove.,2005): 673-700