In the article, “The economic basis of the slave trade”, Rice takes a look at slave trade practices and how they contributed to the economy. The various arguments furthered by Rice are not new slave trade-related discussions. As a matter of fact, the contributions that the slave trade made to towards the advancement of Europe and the Americas remains one of the controversial discussions relating to the practice. This piece evaluates the impact that the slave trade had on the economy from Rice’s perspective.
In her article, Rice identifies three factors that led to economic advancement of the Americas, that is, large tracts of unused land seized from native Americas, huge flow of investment from Europe, and most importantly, abundant …
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