Continuation of Slavery 07/03/2013 Zahra Haidari
The Plantation System
The industry of slavery was small. It could have not entirely financed the industrial revolution.
● American slavery not at issue: American cotton did not become important to the British until after
1800, when the first Industrial Revolution is almost over
● What about slavery on the Caribbean sugar plantations?
The money from the Caribbean sugar plantation was: (1) reinvested in the sugar plantations or estate or
● Profits were 1/2 of 1% of GNP. Similar profits were earned in other industries, including banking,
insurance, horse breeding, hospitality, wheat farming, fishing
● These profits were only available only if they were not reinvested in the sugar industry, or spent on
Harewood: its builder owned 46 sugar plantations
● The absence of slavery would not mean the disappearance of the profits – There would have been
other methods to find workers for the plantations – sub-Saharan Africa and China (where economic
conditions were bad and there was a