Effects Of The Transatlantic Slave Trade Essay - 1291 Words

In 1510, King Ferdinand of Spain sent 200 Africans to his nation’s colonies in the Americas to clear land and to work rice, sugar, tobacco, and other crops. The African slaves resisted European diseases more than indigenous Americans and European indentured servants; and, readily adapted to agricultural work in tropical climates. As the African’s work proved fruitful, the Spanish and Portuguese soon entered into trans-Atlantic slave trade agreements with various ethnic nations in Africa to ensure a continual supply of labor for their expanding agricultural economies in Brazil, the Caribbean, and the Americas. In response to demands for African labor from other countries, the Spanish Crown developed a system of licenses, Asientos , that allowed merchants from Portugal, Holland and Britain to purchase slaves at wholesale costs that ranged from three dollars to twenty dollars. By the end of the 1500s, the extent and impact of the transatlantic slave trade surpassed the level of cruelty than any form of slavery that previously existed in Africa. When the Portuguese, Spanish, and Dutch transported over 200,000 people from Africa to the colonies in the Caribbean and the Americas. After 1663, the English intensified the slave trade after its investors formed the Company of Royal Adventurers, a slave trade conglomerate. By 1668, over a quarter of the company’s profits resulted from trading millions of slaves to the West Indies and Virginia. Many African nations stronglyShow MoreRelatedTransatlantic Slave Trade and the Effects on the American Economy1627 Words   |  7 PagesTransatlantic Slave Trade and the effects on the american economy Transatlantic Slave Trade The Transatlantic slave trade is a â€Å"wrenching aspect of the history of Africa and America† (Colin Palmer). The transatlantic slave trade transported African people to the â€Å"New World†. 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