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Joint-Stock Company a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company's shares. This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others.
Mercantilism • Wealth measured in Gold/Silver • Export more then import. • Colonies existed to benefit the Mother Country. • Raw materials. • Market for goods. • No competition with other Nations. • Nations make money: • Increase Tax Revenue • Used natural resources to expand Mother Country Raw Materials Finished Goods Colonies
West Indies and slavery • Encomiendas- slave labor from Natives • Mines, Sugar Cane, Cattle Ranching (Brazil) • 80% Died (disease, starvation) • Spanish priest (Bartolomé de las Casas) urged use of Africans • Thought resistant to tropical disease • Cheap Skilled laborers • Quickly turned to slavery • By 1500’s slavery dominates • African trade with Europe
The beginning of The Journey Tribal Warfare The Muslim traders of West Africa who linked the forest region to the savanna had slave porters as well as villages of slaves to supply their caravans. In a number of situations, these forms of servitude were relatively benign and were an extension of lineage and kinship systems. In others, however, they were exploitative economic and social relations that reinforced the hierarchies of various African societies and allowed the nobles, senior lineages, and rulers to exercise their power. Among the forest states of West Africa, such as Benin, and in the Kongo kingdom in central Africa slavery was already an important institution prior to the European arrival, but the Atlantic trade opened up new opportunities for expansion and intensification of slavery in those societies. http://historyworld.org/Africa%20in%20the%20age%20of% 0the%20slave%20trade.htm
The beginning of The Journey Tribal Warfare Africans taken from inland villages
The beginning of The Journey Tribal Warfare Africans taken from inland villages Marched to coast of Africa
Triangular Trade First Leg Europeans brought guns, cloth, blankets, etc. to Africa
Triangular Trade Second Leg Middle passage- slaves taken to Americas
Triangular Trade FLOATING COFFINS
Triangular Trade Second Leg - Middle passage Hundreds Crammed into Vessel Death was common: Dysentery, Small Pox, Suicide Half the “Cargo” would die FLOATING COFFINS
Triangular Trade THIRD LEG Carried sugar molasses, cotton, furs, to Europe Some Cartoons aren’t meant to be funny…but, a commentary on the times… Attitude of the captains…People were considered “Cargo”, nothing more.
Growth of Wealth Investors became wealthy Port cities became wealthy African tribes became wealthy Must see t.v. …Everyone but the slaves Stock Company
Impact On Africa Loss of young People meant small communities lost forever http://www.slate.com/articles/life/the_history_of_american_slavery/2015/06/animated_interactive_of_the_history_of_the_atlantic_slave_trade.html
Powerful African EmpiresAsante In the area called the Gold Coast by the Europeans, the empire of Asante rose to prominence in the period of the slave trade. The Asante were members of the Akan people - the major group of modern Ghana. There were at least 20 small states based on the matrilineal clans that were common to all the Akan peoples, but those of the Oyokoclan dominated. Their cooperation and their access to firearms after 1650 initiated a period of centralization and expansion. By 1700 the Dutch on the coast realized that a new power had emerged and they began to deal directly with it. With control of the gold-producing zones and a constant supply of prisoners to be sold as slaves for more firearms, Asante maintained its power until the 1820s as the dominant state of the Gold Coast. Although gold continued to be a major item of export, by the end of the 17th century slaves made up almost two-thirds of Asante's trade.
