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Slaves cost about $2,000 each in the late 1700's. With 33.33% inflation they cost about $66,000 each. From here on out all calculations are in modern currency values:
Slave ships took 4 months each way and 2 months to sell their load of about 400 slaves. Also there was a 40% mortality rate so there was about 240 slaves arriving to the United States.
240 x $66,000 = $15,840,000
Then it cost about $200,000 to feed the slaves, $350,000 to pay the crew, and about $50,000 maitanence on the boat.
Therefore the profit would be $15,240,000.
Then the auctioning companies who sold the slaves took about 30% of the profit leaving the slavers with $10,668,000 profit.
This leaves them with time to make two trips a year with a grand total of about $21,336,000 a year.
What else can I help you with?
Who made money out of slavery?
The slave traders who sold slaves to slave owners.
How do traders make a profit in the currency exchange market?
my name is reza from Iran to make a profit in the currency exchange we must have 3 things 1 - enough time 2- enough money 3- a good strategy
Who provided the capital to finance international trade?
Slave traders
Reasons for African slave trade?
profit,
How did English colonist profit from slave trade?
They used slave labor to produce cash crops.
Why would slave traders be for slavery?
For the selfish profit and personal gain.
How did french traders make profit?
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Where did west African slave traders get their slaves to sell to the europeans?
From slave traders in central Africa
How did slave traders acution off slaves?
how did slave traders acution off slave
Where did west africans slave traders get their slaves to sell to European?
From slave traders in central Africa.
Where did west African slave traders get their slave to sell to Europeans?
From slave traders in central Africa.
Who were the major players the Atlantic Slave Trade?
Slaves brought in profit to the traders who sold them off in auctions and also the people who owned them
Where there black slave traders?
If you are referring to the American slave trade, the slave traders were mostly Dutch (Caucasian) but there were also black slave traders and slave owners. The most notable of them was a Virginian by the name of Anthony Johnson.
Where did African slave traders get their slaves to sell to Europeans?
From slave traders in central Africa.
What are the conditions when traders sell to make a profit on falling stock?
bear market
Where did west African slave traders get slaves to sell to europeans?
From slave traders in central Africa.
What did the slave traders believe about slaves?
Slave traders often viewed slaves as property rather than individuals, seen as commodities to be bought and sold for profit. They justified their actions through racist beliefs and the concept of racial superiority, enabling them to exploit and dehumanize those they enslaved.
