The transatlantic slave trade is the largest slave trade, which occurred in Africa during the early 15th century, 17 million people were deported from their homes and sold as slaves to work in plantations. It holds great importance because it developed the concept of Capitalism despite the everlasting consequences such as racist ideology.
The Transatlantic Slave Trade is generally associated with Capitalism. Capitalism is an economic system where things are owned by a person or group as opposed to government or community. Capitalism emphasises a free market in which the prices of items are decided upon the seller's judgement, as well as buying and selling at one's own desire and opinions. The American and European owners of the tobacco and cotton plantations practiced capitalism, as slaves were used to working laborious jobs which would give people placed higher in the social hierarchy the upper hand, giving slaves next to zero percent of sold goods. Capitalism is a social system that we use today, …show more content…
The European went to great efforts to justify their theory thus, making it impossible for slaves and their future descendants to attain equal status within society. Most fundamentally this impacted the modern world because it produced profound social divides between the white and black communities, the consequences of which still haunt American societies to this day. A modern example is the Black Lives Matter movement, as quoted, ‘Black Lives Matter is a chapter-based national organisation working for the validity of Black life. We are working to rebuild the Black liberation movement.’ Social racism is still prominent in today’s age, we see news reports every day and the basis of this problem goes centuries back to the triangular
The Transatlantic Slave Trade is generally associated with Capitalism. Capitalism is an economic system where things are owned by a person or group as opposed to government or community. Capitalism emphasises a free market in which the prices of items are decided upon the seller's judgement, as well as buying and selling at one's own desire and opinions. The American and European owners of the tobacco and cotton plantations practiced capitalism, as slaves were used to working laborious jobs which would give people placed higher in the social hierarchy the upper hand, giving slaves next to zero percent of sold goods. Capitalism is a social system that we use today, …show more content…
The European went to great efforts to justify their theory thus, making it impossible for slaves and their future descendants to attain equal status within society. Most fundamentally this impacted the modern world because it produced profound social divides between the white and black communities, the consequences of which still haunt American societies to this day. A modern example is the Black Lives Matter movement, as quoted, ‘Black Lives Matter is a chapter-based national organisation working for the validity of Black life. We are working to rebuild the Black liberation movement.’ Social racism is still prominent in today’s age, we see news reports every day and the basis of this problem goes centuries back to the triangular