Research Article

Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period

Volume: 14 Number: 28 June 10, 2021
  • Igor Josıpovıć
  • Marko Vujeva
TR EN

Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period

Abstract

Slavery has existed since the beginning of human civilisation. However, there was a great upsurge in slavery during the early modern period and the Age of Discovery, when it gained enormous popularity and took new forms. The greatest European powers at the time conquered new territories in Central and North America, developing plans how to exploit them in the most profitable way possible. To unlock the economic potential of these territories, colonial countries started organising a plantation economy by using slave labour. Consequently, colonial countries generated large profits, while the international trade began to flourish. Since there was a labour shortage due to an increased volume of economic activities, colonial countries engaged in the triangular trade, which ensured cheap and large workforce – slaves. As a result, slaves from Africa were brought to plantations in the New World, the most sought-after products, such as sugar, cotton and indigo, came to Europe from colonies, while almost all products that were scarce in colonies were imported from Europe. Therefore, the objective of this paper was to analyse the impact and costs of slave labour and plantation economy on the efficiency of the triangular international trade.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Igor Josıpovıć This is me
0000-0001-5440-6653
Croatia

Publication Date

June 10, 2021

Submission Date

January 16, 2021

Acceptance Date

March 2, 2021

Published in Issue

Year 2021 Volume: 14 Number: 28

APA
Josıpovıć, I., & Vujeva, M. (2021). Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period. Gazi Akademik Bakış, 14(28), 179-197. https://doi.org/10.19060/gav.948899
AMA
1.Josıpovıć I, Vujeva M. Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period. Gazi Akademik Bakış. 2021;14(28):179-197. doi:10.19060/gav.948899
Chicago
Josıpovıć, Igor, and Marko Vujeva. 2021. “Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period”. Gazi Akademik Bakış 14 (28): 179-97. https://doi.org/10.19060/gav.948899.
EndNote
Josıpovıć I, Vujeva M (June 1, 2021) Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period. Gazi Akademik Bakış 14 28 179–197.
IEEE
[1]I. Josıpovıć and M. Vujeva, “Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period”, Gazi Akademik Bakış, vol. 14, no. 28, pp. 179–197, June 2021, doi: 10.19060/gav.948899.
ISNAD
Josıpovıć, Igor - Vujeva, Marko. “Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period”. Gazi Akademik Bakış 14/28 (June 1, 2021): 179-197. https://doi.org/10.19060/gav.948899.
JAMA
1.Josıpovıć I, Vujeva M. Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period. Gazi Akademik Bakış. 2021;14:179–197.
MLA
Josıpovıć, Igor, and Marko Vujeva. “Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period”. Gazi Akademik Bakış, vol. 14, no. 28, June 2021, pp. 179-97, doi:10.19060/gav.948899.
Vancouver
1.Igor Josıpovıć, Marko Vujeva. Economic Aspects of Slavery in the Triangular Trade in the Early Modern Period. Gazi Akademik Bakış. 2021 Jun. 1;14(28):179-97. doi:10.19060/gav.948899