Slavery Routes – Part 2 From Sugar to Revolution
Al Jazeera (2018)
Part 2 of Slavery Routes covers the so-called “Sugar Wars”* and the entry of the rest of Europe (Holland, Prussia, Denmark, England, Spain, France) into Portugal’s lucrative slave trade. It also explores the role of European banks and insurance companies in making this expansion possible. Slave traders always undertook cross-Atlantic voyages on credit, which meant they had to be insured against losing their “cargo.” Insurance companies (Lloyd’s of London was the most prominent) were happy to ensure an enterprise in which a trader stood to triple his stake.
In this way, the slave trade provided the financial capital for both European and American capitalism.
Too Valuable to Kill
Rebellions by captive slaves were continual on both sides of the Atlantic. Because it took four years of plantation work to pay off the price of a captive…
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