Slavery provided cheap labor for European capitalists from "summary" of Capitalism & Slavery by Eric Eustace Williams
Slavery, as an institution, played a fundamental role in the development of capitalism in Europe. The exploitation of enslaved Africans provided European capitalists with a cheap source of labor that was essential for the growth of their economies. The transatlantic slave trade not only supplied labor for the production of commodities like sugar, cotton, and tobacco but also generated immense profits for European merchants and investors. The system of slavery enabled European capitalists to accumulate wealth and expand their enterprises on a massive scale. The forced labor of enslaved Africans allowed for the production of goods at a fraction of the cost compared to free labor. This economic advantage gave European capitalists a competitive edge in the global market, allowing them to dominate trade...
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