AFRS BC 2004x Lecture Notes - Lecture 15: Social Disintegration, Wage Labour
31 Aug 2016
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Document Summary
Fall of the slave trade, rise of colonialism. The inaccessibility of the east african coast. Africa is eternally relevant in history, despite popular and common narratives. The battle of commerce among european powers to dominate trade. Slave trade"s expansion into the new world. As slavery begins to be abolished, colonial imperialism becomes favorable and more profitable. Differentiates between the european slave trade and previous ones. England abolished the slave trade because it was no longer profitable, not for moral reasons. Sets up the institutions of capitalism that carry over post slavery. The natural progression of capitalism is a socialist system, not a capitalist system. During the cold war capitalism and democracy became paired, but the two naturally contradict each other. Trading companies who have an investment in the merchants. The growth of capitalism was dependent on the importation of goods from non- democratic countries.
