Effects of Capitalism on African Economics free essay sample

This paper is an in-depth study of how capitalism has affected African-Americans since the times of slavery. The paper studies the effects of capitalism on African economics through history. It studies capitalism in connection with slavery and then moves on to economic issues affecting the African-Americans of today. It also studies the effects of capitalism on the economic situation of the Africans of Cuba. Finally, conclusions are made about the effects of capitalism on the African race. The English colonialism is considered responsible for the promotion of the Atlantic trade and slave plantation system. The profits of slavery were mainly to serve the English economy. Englands sole economic position helped the establishment of these colonies. The capitalist transformation of agriculture assisted in creating land less laborers that was available in the form of wage labor in England. The transformation of the English economy assisted in introducing a market for the new goods in these colonies. We will write a custom essay sample on Effects of Capitalism on African Economics or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Earlier, this labor was based on wages and applied in the new plantations in Barbados and elsewhere. British emigrants were contracted to work as servants for plantation for a specific time after which they were set free to seek other jobs.