Why Did the British Want to Take Over the Slave

question 34

Multiple Choice

Why did the British want to take over the slave trade in the late 17th century?

• A) Their ongoing war with France demanded a supply of soldiers.
• B) They needed labor for tobacco cultivation in Virginia and Maryland.
• C) They wanted the taxes paid to the slave trade leader by other European nations.
• D) They had begun to establish sugar plantations in Brazil and needed labor.

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Definitions:

Cash Payments

Financial transactions involving the outflow of cash to settle obligations or purchase goods and services.

Debt Principal

The original amount of money borrowed or the remaining balance of a loan, exclusive of interest.

Double-Entry Bookkeeping

An accounting system where every transaction affects at least two accounts to maintain a balanced set of financial records.

Cash Balance

The total amount of cash or cash equivalents that a company or individual has available at any given point in time.