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The impact of the slave trade on the UK - Coggle Diagram
The impact of the slave trade on the UK
London
It helped most of today's banks and insurance companies grow
It was the only port in England that was allowed to trade african slaves
Lloyd's of London is a famous long-established company with its roots in transatlantic slave trading. It started as a small business based in a London coffee house. The profits made from insuring slave ships allowed it to grow into one of the world's largest banking and insurance houses.
New opportunities to make money were made in the city dew to the impact of the slave trade
Liverpool
It was cheaper to crew a slave ship from Liverpool
It became the largest slave ship building site in Britain.
It made liverpool a very wealthy and powerful place
Young boys were employed giving them a job
Liverpool had over 60% of all British trade by the end of the Eighteenth century
Bristol
Benefits
Merchants made a great income, and benefited financially
A lot of the money made went towards schools and buildings
Bristol merchants developed close relationships with slave traders in West Africa. These ties survived for generations because African traders seemed to trust Bristol merchants more than those of other ports
People from Bristol became wealthy and powerful traders in Africa
Industries like glass making, copper smelting and sugar refining all grew financially
Disadvantages