Soft drinks cost 20 times more, a bottle of mineral water 25 times more, and an espresso in a local café 30 times more” (Márquez). In addition to the many lives it took, this long-standing subsidy created shortages of imported goods and deprived the Venezuelan oil industry of a large source of funds for reinvesting. This subsidy essentially ruined the Venezuelan economy and it remains that way today. Venezuela’s decision to subsidize and ration gasoline was an effort to increase public spending. “The subsidies leave money in the pockets of consumers that they otherwise wouldn’t have to spend” (Gonzalez).
Soon after realizing, Africans began to sell their own for high amounts of money and so did Europe. Since African slaves were very expensive and the European economy was low, the Europeans had to look for different kinds of slaves. The Europeans needed slaves for planting corn and especially tobacco. By the 1630s, 1.5 million pounds of tobacco were sent out of Chesapeake Bay and almost 40 million pounds a year by the 1700s. Desperate for employment, Europeans were shipped to America.
The greater workforce was slaves, and the invention of the cotton gin led to greatly expanding the amount of slavery in the South. The more slaves brought in to cultivate the cotton the more involucrate the Southern planters had become with agriculture, this strong attachment and dependency for cotton led to the South’s poor establishment of Industry. The total value of textiles from the South for example, made about 4.5 million dollars in the 1860’s, that may sound impressive but it is r... ... middle of paper ... .... The slave trade tried to further expand legally by advocating for their rights to buy slaves in Cuba, or Brazil or even Africa; this was discussed in southern commercial conventions, and was specifically brought up by William L. Yancey of Alabama. The cotton was growing bountiful and the planters needed slaves to harvest it, thus the need for slaves pushed the slave trade and increased the amount of slaves in the South tremendously during the first half of the 1800’s.