Slavery and the Industrial Revolution. Outcomes  3.3 examine the economics of the slave trade (Reasons, Supply and demand, Industrial Revolution, Triangular.

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Presentation transcript:

Slavery and the Industrial Revolution

Outcomes  3.3 examine the economics of the slave trade (Reasons, Supply and demand, Industrial Revolution, Triangular trade, Profits)

Terms  Slavery – The condition where humans are kept as tools for labor  Industrial Revolution – ’s, The shift from a rural to urban lifestyle, focuses on moving from farms to industry and factories.  Indentured Servant – Someone who agrees to work for free for a specific amount of time to work off a debt or to gain favor

Economics of Slavery  Industry needed materials  Suppliers of cotton, rubber, minerals and materials needed to harvest the resources  Suppliers could not afford to pay wages  Indentured servants would eventually want to be released  Money saved on labour would be accumulated

Who Profits?  Ship owners  Colonial traders  Slave hunters  Factory owners  Plantation owners  Mining companies

Who Pays?  Slaves  Generations of people after slavery  Will be a cause of the American Civil War  Will be a cause of the rebellions in the Caribbean

Ironically, as industrialization increases and labour shifts to factories from natural resource harvesting…

… slavery becomes obsolete. Instead the Industrial machines of the new world need cheap and abundant labour. Slavery is not enough to keep the machine going…

The industrial machine needs people willing to work long and hard. Which immigrants to new nations were more than willing to do.

Until Then – Slavery fuels industry which in turn feeds the colonies and the colonizers. The wealth of the Americas and Europe is made literally on the backs of enslaved Africans.