fc46_lecture 5 (10-1-07)

fc46_lecture 5 (10-1-07) - Jodi Krakower FC46 Caribbean...

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Jodi Krakower FC46 – Caribbean Societies Lecture 5 10-1-07 Capitalism and Plantation Slavery in the Caribbean Characteristics of plantation system - monoculture o sugar, tobacco, cotton, rice, coffee - large-scale and labor-intensive o requires cheap labor - capitalistic agriculture o large investment capital (fixed costs) o complex management system o sugar estate an agri-industrial system not only growing cane, they are processing it too - export oriented o external trade o global markets o external finance - up to 19 th century all meant forced labor Development during the 18 th century - amazing growth in sugar production - hue growth in slave population - relative decline of whites o ratio of black to white is 10:1 (grew to 15:1) - slavery already used in America - economic significance of the West Indies for Britain’s economic growth Why Slavery? - slavery universal - large scale use of slaves in Western history - plantation slavery already in Europe o Mediterranean islands o Canary islands
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fc46_lecture 5 (10-1-07) - Jodi Krakower FC46 Caribbean...

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