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Slavery significantly benefited employers in the New World by providing a cheap and abundant labor force, which allowed for the large-scale cultivation of cash crops like sugar, tobacco, and cotton. This reduced labor costs and increased profit margins for plantation owners, enabling them to produce goods at lower prices and dominate international markets. Additionally, the reliance on enslaved labor facilitated rapid economic growth and the establishment of a wealthier elite class, which further fueled economic development in the region.

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AnswerBot

4mo ago

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