Economic Considerations in British America

The 13 Colonies have a very important impact on Britain's economy:

• 40 percent of  all exported goods from Britain is sent  to America
• Rum is the most valuable currency and is used to purchase African Slaves who work the southern fields cultivating tobacco, cotton, sugar and rice
• The British imply a tax on every item sold or exchanged

 

Africans were taken as slaves by the British to meet the needs of colonial planters and after 1672, the Royal African Company was formed.  K.G. Davies stated "the strongest and most effective of all European companies formed exclusively for the African trade".