The Rise Of Sugar As A Commodity Essay - 1800 Words

The rise of sugar as a commodity in England situated England as the world’s leading consumer. The increasing popularity of coffeehouses among middle-class English people, as well the introduction of tea from China, fueled the counties. England’s growing interest in coffee and tea greatly increased the demand for sugar leading to a significant effect on Africa and its people. The high English demand for sugar required land to expand sugar plantations, and an efficient source of labor to produce, creating a connection between all three. For example, if there was not enough demand, there would have been no point in planting sugar and if cheap labor could not be obtained, it would not be worth doing so on such a large scale because it would have been expensive and unprofitable. Since they had all these contributing factors in their favor the British were able to gain profit from sugar plantations, which worked as a significant contributor towards their economy. To meet t he land requirements the British picked their Caribbean colonies because of their control of that region and its climate. After finding the land for plantations, England had to find the source of labor to work these plantations. The English turned into Africa for cheap slave labor. The British had tried the local Caribbeans to work on the plantations but these people were already affected by the diseases that were brought to the area by Europeans. As a result, there were not many Caribbean people to work theShow MoreRelatedThe Roles of Globalization in Timothy Brook’s Vermeer’s Hat and Sidney Mintz’s Sweetness and Power791 Words   |  3 PagesTimothy Brook’s Vermeer’s Hat and Sidney Mintz’s Sweetness and Power deal with the role of commodities in world history. Mintz analyzes the history of sugar production and consumption in Europe. Mintz discusses how the fall of sugar as a luxurious and exotic product to a necessity for the most common of the working class was able to command a revolution in diet and lifestyle, during industrialization and the rise of capitalism. Brook tells the story of tobacco’s route from the Americas to Europe. AsRead MoreThe Snap ( Supplemental Nutrition Assistance Program ) And Wic ( Women, Infants, Children ) Programs864 Words   |  4 Pagesattempt to allow members of WIC to purchase white potatoes in addition to their food staples. Multiple commodities’ economic standing will experience larger impacts on supply and demand from this proposed bill’s changes and implications. As SNAP shifts to strictly staple foods, the economic impacts will implement changes on the supply and demand of rice. In the short run the price of rice will rise and the demand curve of rice will shift outward. This effect will take place because of SNAP’s proposedRead MoreModernization of Sugar Essay examples1236 Words   |  5 PagesModernization from Consumption of Sugar According to Wikipedia, â€Å"modernity† is defined as a post-traditional period that is marked by the move from feudalism towards capitalism and industrialism. From the sixteenth century through the nineteenth century, many countries and economies progressed towards a more modern environment. Many factors contributed to the push for modernity; however, the sugar industry exhibited major influence throughout the world. Once sugar cane was established in the CaribbeanRead MoreBusiness Plan and Loan Package1412 Words   |  6 Pageson sales volume. In 2007, the product cost of goods sold increased from costs incurred 2006 as a result of significant increases in prices of many commodities purchased by Tootsie Roll. 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After reading this, I felt that this chapterRead MoreWorld Food Crisis1336 Words   |  6 Pageswhich led to the universal food shortage and they are interconnected to each other. Increasing world population, extreme weather and the wide spread use of biofuels are the main causes of worldwide shortage of food. These factors lead to food price rises rapidly. Global food crisis is being compounded by several causes such as growing population, extreme weather and famers switching out of cereals to grow agro-fuels crops. According to Vidal (2007), â€Å"There is no one cause but a lot of thingsRead MoreWorld Food Crisis1328 Words   |  6 Pageswhich led to the universal food shortage and they are interconnected to each other. Increasing world population, extreme weather and the wide spread use of biofuels are the main causes of worldwide shortage of food. These factors lead to food price rises rapidly. 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Trade destined for nations outside the empire had to go first to England. Some of the legislation was designed to protect colonial interests. For example, tobacco production in England was prohibited, leaving the colonies as the sole source of this lucrative product. The American colonists were never fully comfortable with these acts, but became ardently opposed with the passage of the Sugar Act of 1773. Read MoreThe Rise Of Capitalism And Capitalism1711 Words   |  7 PagesThe Rise of Capitalism as a worldwide phenomenon Capitalism is one of the most commonly practiced economic systems in the world, and thus it is widely considered a global phenomenon. It is based upon the single objective of accumulating more and more wealth. However, capitalism would not be so popular, or even exist, had it not been for several global pressures at that time. Specifically, it was the mass consumption of sugar, which in part led to the discovery of the Americas, which in turn led