What Are the Economic Reasons for the Trans-Atlantic Slave Trade and Essay

What Are the Economic Reasons for the Trans-Atlantic Slave Trade and Its Abolition - Essay Example The event was supported by the change in moral, religious and humanitarian reasons observed among the citizens. The triangle of trade consisted of three journeys: the outward passage from Europe to Africa with the manufactured goods, the middle passage from Africa to the Americas or the Caribbean’s which carried African captives and commodities and lastly, the homeward passage which carried goods back to Europe (National Maritime Museum). The slave trade made the bulk of the labor force of the New World. They comprise of the bulk of workers in the sugar plantation which is the most labor intensive crop, while some also work in harvesting coffee, cotton and tobacco and some also helped in mining (Wikimedia Foundations Inc.). The cheap labor has been Europe’s power, shipping around 6000-8000 African slaves every year (National Musuems Liverpool). The trafficiking of Africans has been the business of the rich and powerful where both the monarchy and the church has benefitted much so that it comprised 80% of the total British trade, helping in the development of banking and insurance, ship building and several manufacturing industries (Adi). Eric Williams, the showed that the profit from the trafficking has financed England’s industrialization process, that it has become a very essential element to the Industrial Revolution and has brought much wealth to Europe (Wikimedia Foundations Inc.). There has been much speculation as to the abolition of the Trans-Atlantic slave trade. Humanitarian reasons were cited such as of morality and religion. The humanitarian reason is largely a work of William Wilberforce, who was a British politican and philantrophist who led the movement to abolish slave trade, however, the economic reasons for the abolition cannot be discarded. Many believe that the slave trade was abolished mainly for economic reasons such as argued by Eric Williams. The simple reason was slavery as a form of labor has become unviable

Information Needs for the AIS Coursework Example | Topics and Well Written Essays - 1250 words

Information Needs for the AIS - Coursework Example The assumption gives managers a challenge especially when making decisions based on assumptions. Therefore, the correct interpretation of the information’s systems gives managers the confidence to make concrete decisions that will make their companies successful. Some companies do not release all their financial information to their stakeholders. The stakeholders are the public, employees and shareholders who have a stake in the company. Withholding such valuable information usually leads to suspicion especially by the shareholders who have invested a lot of money into the business and may want to know how these funds are working for them. Some of the companies may not release information fearing undue competition due to leakage of sensitive financial information that may expose the company to the unnecessary competition. Managers do not usually have the information they want as they are seeking for it. Managers may have less information than they need but usually conduct research to find out the rest of the information. For one to request the information they know they should have seen it and tested it to determine whether they can make decisions for such a company. It is, therefore, important to have a tested model in order to determine the information you want. Managers need information and giving them may improve their decision-making. Firstly, the information should be relevant. Presently, many resources carry a lot of information, which needs carefully sorting to get the required data. The assumption is also necessary for that even having experience some of the managers may not correctly use the information to come up with satisfactory decisions. Some managers may not have experience in using certain information to make decisions especially where there is an upsurge of information. Choice of vital information for decision-making is paramount as it determines how the decision made will