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'No commercial activity leaves greater benefit': the profitability of the Cuban-based slave trade during the first half of the nineteenth century

Identificadores del recurso

Sanjuan-Marroquin JM, Rodrigo-Alharilla M. 'No commercial activity leaves greater benefit': the profitability of the Cuban-based slave trade during the first half of the nineteenth century. Econ Hist Rev. 2024 Feb;77(1):268-87. DOI: 10.1111/ehr.13272

0013-0117

http://hdl.handle.net/10230/59261

http://dx.doi.org/10.1111/ehr.13272

Procedència

(e-Repositori: Repositori digital de la UPF)

Fitxa

Títol:: 'No commercial activity leaves greater benefit': the profitability of the Cuban-based slave trade during the first half of the nineteenth century
Tema:: Atlantic history; Economic history; Slave trade
Descripció:: In this paper, we discuss the basis of the illegal slave trade between Africa and Cuba, measuring its volume and profit during the first half of the nineteenth century. Due to its illegal nature, the sources for exploring this trade were systematically destroyed, but we have been able to locate the accountancy of 17 expeditions that gives us a comprehensive understanding of the profits, margins, and risks. The basis to understanding this business was the murderous use of enslaved persons in the sugar mills, which forced a continuous repositioning through an illegal, although tolerated by the Spanish authorities, business. We demonstrate that from an economic point of view, the slave trade after illegalization was highly profitable, as the financial return of successful expeditions was near 100 per cent of the invested capital in less than a year. The risk of capture by the British authorities, associated with its illegal nature, was only high during the initial moments, and became steadily lower afterwards. In terms of volume, the trade of a half million enslaved persons illegally smuggled into Cuba produced what was probably the island's most important market.; This paper is one of the results of project PID2019-105204GB-I00-Memoria y Lugares de Memoria de la esclavitud y el comercio de esclavos en la España contemporánea funded by the MICINN/AEI.
Idioma:: English
Relació:: The economic history review. 2024 Feb;77(1):268-87; info:eu-repo/grantAgreement/ES/2PE/PID2019-105204GB-I00
Autor/Productor:: Sanjuan-Marroquin, Jose Miguel; Rodrigo y Alharilla, Martín
Editor:: Wiley
Drets:: © 2023 The Authors. The Economic History Review published by John Wiley & Sons Ltd on behalf of Economic History Society. This is an open access article under the terms of theCreative Commons Attribution-NonCommercial-NoDerivsLicense, which permitsuse and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.; http://creativecommons.org/licenses/by-nc-nd/4.0/; info:eu-repo/semantics/openAccess
Data:: 2024
Tipo de recurso:: info:eu-repo/semantics/article; info:eu-repo/semantics/publishedVersion
Format:: application/pdf

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        <field name="value">In this paper, we discuss the basis of the illegal slave trade between Africa and Cuba, measuring its volume and profit during the first half of the nineteenth century. Due to its illegal nature, the sources for exploring this trade were systematically destroyed, but we have been able to locate the accountancy of 17 expeditions that gives us a comprehensive understanding of the profits, margins, and risks. The basis to understanding this business was the murderous use of enslaved persons in the sugar mills, which forced a continuous repositioning through an illegal, although tolerated by the Spanish authorities, business. We demonstrate that from an economic point of view, the slave trade after illegalization was highly profitable, as the financial return of successful expeditions was near 100 per cent of the invested capital in less than a year. The risk of capture by the British authorities, associated with its illegal nature, was only high during the initial moments, and became steadily lower afterwards. In terms of volume, the trade of a half million enslaved persons illegally smuggled into Cuba produced what was probably the island's most important market.</field>
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        <field name="value">This paper is one of the results of project PID2019-105204GB-I00-Memoria y Lugares de Memoria de la esclavitud y el comercio de esclavos en la España contemporánea funded by the MICINN/AEI.</field>
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        <field name="value">The economic history review. 2024 Feb;77(1):268-87</field>
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      1. <field name="value">© 2023 The Authors. The Economic History Review published by John Wiley & Sons Ltd on behalf of Economic History Society. This is an open access article under the terms of theCreative Commons Attribution-NonCommercial-NoDerivsLicense, which permitsuse and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.</field>
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