The Gold Mining Boom, North European Capital, and the Reorganization of the Portuguese Slave Trade in Angola (1710-1730)

Abstract

The article explores the reorganization of the Portuguese slave trade in Angola in the early eighteenth century when an upsurge in traffic took place along with a gold mining boom in Brazil. The appearance of a new group in the administration of the Angola contract, with the political support of the Crown and the financial assistance of merchants connected to London stimulated the expansion of the slaving frontier into Benguela. A large part of the historiography has interpreted this growth of the slave trade in Benguela as a phenomenon produced by local or “internal” developments of the Portuguese empire. My argument is that this shift was related to the international development of capitalism. The growing international competition over slave markets in the Gulf of Guinea and Loango pushed Portuguese authorities and slave traders to focus on the traffic in the areas to the south of Luanda. This process was financed by international credit networks and played a central role in the establishment of a new slaving frontier that supplied captives to the Brazilian goldfields.