importance of slave trade
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Slaves provided the labor power necessary to settle and develop the New World. Slaves also produced the products for the first mass consumer markets: sugar, tobacco, coffee, cocoa, and later cotton.
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Slavery played a crucial role in the development of the modern world economy. Slaves provided the labor power necessary to settle and develop the New World. Slaves also produced the products for the first mass consumer markets: sugar, tobacco, coffee, cocoa, and later cotton. Slavery was an integral part of the earliest multinational systems of credit and trade that arose in the 15th and 16th centuries. The African slave trade also stimulated European shipping, manufacturing, and gun making.
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