Traders, Planters and Slaves: Market Behavior in Early English America by David W. Galenson (E-Book)
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The explosive growth of the Atlantic slave trade in the second half of the seventeenth century made the international trade in Africans one of the world's largest industries. This book explores the operation of that industry in the late seventeenth and early eighteenth centuries, focusing on the market behaviour of the Royal African Company - the largest English company engaged in the slave trade - and the sugar planters of the Caribbean, who were the trade's principal customers in English America. A richly detailed portrayal of the slave trade to English America emerges, one that shows it to have been a highly competitive and efficient transatlantic market. In revealing the existence of sophisticated and complex market behaviour in this early period of black slavery in the New World, the book adds to our understanding of the development of large-scale competitive markets, as well as to our knowledge of the efficiency of resource allocation in early English America.