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Term Paper on The Contribution of Slave Trade to British Economic Development

British economic development is a subject of numerous scientific researches. Its causes and economic basis are still subjects for scientific discussions. Nonetheless, it is obvious that there were a number of factors that contributed to the British economic development, especially in 17th-19th centuries when the most dramatic change and the most rapid progress has been observed.

Many specialists indicate that one of the key elements of the progress of British economy is the development of Atlantic trade and colonization of American and African territories. But, on analysing the problem in depth, it is possible to find another important factor contributing to the rapid development of British economy and stimulating Atlantic trade in that epoch, and this factor is slavery trade, which probably not so obvious as industrialization, for instance, but also contributed significantly to the British economic development.
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