Colonisation and slavery were the cornerstones of the Industrial Revolution. European industrialisation and Atlantic-American slavery as two structural global transformations must be understood as an integral whole. Industrialisation in the 19th century was enough to bring Europe out of a backwater in terms of global wealth and power. The processes of industrialisation have been written about in detail by scholars, and students of economic history will be deeply aware of industrialisation.

After having outlined in the previous blog the origins of the early monopoly companies, it is now worth pausing to understand how these monopoly companies operated. Divest yourself of any conception you might possess of a trading company today. From their origins, these companies operated like ships of war. They were designed to combat all aggression from any direction: aggression from the people they might meet on landing, from other ships that might wish to steal their cargoes, and from other European monopoly companies that wished to steal their trade.