History November 07, 2018 at 12:00 pm

6 thriving companies in the U.S. and UK that profited from slave trade

Farida Dawkins | Contributor

Farida Dawkins November 07, 2018 at 12:00 pm

November 07, 2018 at 12:00 pm | History

Barclays logo on a building…PYMNTS

Barclays Bank

After 1660, the fruition of British companies was credited to Britain’s financial organizations.  Even though there were no banks, overseas trade was fueled by credit and bills of credit which were instrumental in the growth of the slave trade.

Merchants in Bristol, London and Liverpool became the bankers of the slave trade.

In the 18th century, provincial banking emerged. Liverpool merchants developed Heywoods Bank which later became a portion of Barclays Bank, as documented by BBC.

Barclays has international branches and currently operates in the United States and Africa.

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