tazzygirl -> RE: Pope Says God is Behind the Big Bang (2/4/2011 10:16:46 AM)
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Tweak, I have posted before that the return on investments (a slave) was, at its peak, 18%, at its average, 10%. The cost of buying a slave back then was between 30,000 and 40,000 in terms of todays money. The below site is quite an eye opener. It doesnt make excuses, just lays it all out. Britain had a large financial stake in the slave trade (between 1729 and 1750, Parliament approved more than £90,000 for maintenance of slave stations on the African coast), so New England resistance to slave importation in the years leading up to the Revolution could express anti-Crown sentiment. As so often happened, morality and economic self-interest flowed the same way, so it is difficult to distinguish them. Dr. Jeremy Belknap of Boston recalled that few in the colony had spoken publicly against slavery, “ till we began to feel the weight of oppression from 'our mother country.' ” It was probably not a coincidence that Massachusetts, where resistance to British authority was greatest, was also the hotbed of agitation against the slave trade. Meanwhile, by 1770, slave raids had depopulated whole regions of coastal West Africa. The terms of the Assiento encouraged this by drawing off the breeding-age population: “none of the said 4,800 Negroes shall be under the age of ten years, nine parts in ten of the ... Negroes so to be furnished shall be of the age of sixteen years at least, and none of them shall exceed the age of 40 years.” During the decade before the American Revolution, the cost of slaves at the stations in Africa soared. Because of that, the flow of available slaves from the West Indies -- the traditional main source of Northern slaves -- dried up. Plantation owners there held on to their stock, realizing it could no longer easily be replaced by African imports. The combination drove many Northern slave merchants out of the trade. Slave imports to the North fell off sharply after 1770, and internal trade in blacks rose in importance. The change in the economic winds helped ease the path for the North to give up its direct involvement in expanding slavery, without disowning the fortune it already had made. http://www.slavenorth.com/emancipation.htm
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