S/H/50. To what extent was the use of forced labour (slavery, indentured labour, convict labour) necessary for the development of the capitalist world economy in the period 1600-1900?

This paper shall assess the significance of the role that forced labour played in the economic advance of the world. It shall examine the profits of slavery, indentured labour and convict labour and its role as a great market force of the early modern period. Indeed, it may be suggested that capitalism depended on all three forms of labour to gain profit. It shall also consider the fact that the economy as a whole did not benefit. Nonetheless, it supports the idea that labour was necessary for the development of capital.