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The triangular shipping route of the slave trade largely formed the banking industry in England. British goods such as textiles, arms, and iron were exchanged for slaves in Africa, which were then transported to the West Indies and traded for sugar, tobacco, cotton, spices, and rum. The triangular trade was a system of immense earnings, as every ship sailed with a profitable cargo. The wealth generated by the triangular trade brought increased affluence to the planters who cultivated the West Indian produce, the merchant capitalists who sold the slaves, and the industrial capitalists who produced the British goods, which in turn demanded new banking facilities and functions.

Primary of these new requirements was insurance Shipowners and slave merchants themselves insured early voyages travelling the triangular trade route However the increasing amount of bills drawn against West Indian merchants and accumulated wealth soon required large scale insurance schemes most often drawn ...

Article

Abomey, the capital of Dahomey, was founded around 1620 by Dogbari, who fled Allada after his brothers fought with one another for control of that kingdom. Dogbari’s grandson, Wegbaja, expanded Abomey through military conquest and consolidated it into a powerful state in the middle to late 1600s. Wegbaja’s grandson, Agaja, conquered both Allada and Whydah in the 1720s, founding the kingdom of Dahomey with its capital at Abomey. The government of Dahomey was an absolute monarchy with a well-established, centralized state and bureaucracy. Dahomey became heavily involved in the European slave trade, which had begun in earnest a century previous with the arrival of the Dutch.

The rule of Gezu (1818–1858) marked the pinnacle of Dahomey’s power and influence. Military victories enabled the kingdom of Dahomey to stop paying its annual tribute to the Oyo empire of what is now Nigeria Still the end of the slave ...

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The Constitution of the United States contained two compromises on the issue of slavery although the word slavery was never used The first compromise involved counting the slave population at three fifths for the purposes of representation and taxation The second involved the importation of enslaved people Article One Section Nine prohibited Congress from preventing the importation of slaves until 1808 although it could tax the trade at the rate of no more than ten dollars per person This provision could not be changed by amendment thus giving the southern states twenty years reprieve However each state was free to make any laws it wished with regard to the trade All of the states except South Carolina had banned the international slave trade by 1806 Laws passed by the U S Congress in 1790 prohibited citizens from participating in the slave trade to foreign ports and in 1794 prohibited the ...

Article

Slavery  

Melvyn Dubofsky

Overview

The Slave Trade

Development and Expansion of Slavery

Slave Families, Communities, and Culture

Historians and Slavery