WORLD HISTORY

Detailed explanation-1: -According to the estimates from Nunn (2008), if the slave trades had not occurred, then 72% of the average income gap between Africa and the rest of the world would not exist today, and 99% of the income gap between Africa and other developing countries would not exist.

Detailed explanation-2: -Lasting effects on Africa Some historians believe that the slave trade ruined Africa because of the constant wars and the loss of millions of strong, young people. Africa fell behind the rest of the world. Some historians think that this is why Africa was colonised by European countries in the 19th century.

Detailed explanation-3: -By 1840, the South grew 60 percent of the world’s cotton and provided some 70 percent of the cotton consumed by the British textile industry. Thus slavery paid for a substantial share of the capital, iron, and manufactured goods that laid the basis for American economic growth.

Detailed explanation-4: -Ivory, gold and other trade resources attracted Europeans to West Africa. As demand for cheap labour to work on plantations in the Americas grew, people enslaved in West Africa became the most valuable ‘commodity’ for European traders. Slavery existed in Africa before Europeans arrived.