UGC 112 Lecture Notes - Lecture 6: Atlantic World, Sugarcane, Chartered Company
28 Apr 2016
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Document Summary
By the 18th century, slaves made up 90% of the population in the caribbean. Sugar, tobacco grows very well in the caribbean. No accident that it is columbus"s original landing location that sees the first development as a trans-atlantic colony. Sugar cane introduced to the west indies shortly after 1500, but both the crop and the colonies did not thrive until much later. Takes time for people to want a good. European kingdoms and countries sought to build up stores of gold and silver using colonies as a method of exploitation. The british restrict trade b/c it"s the mother country. Protection of the mother country, revenue, stable economy, always have a place to sell goods. European kingdoms sought to reduce the financial risk of trans-atlantic trade. Founded chartered companies, which were funded and operated by private investors but delivers significant portions of profits to the affiliated kingdom.
