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Pawns on the Gold Coast: the rise of Asante and shifts in security for debt, 1680-1750

Spicksley, Judith

Authors



Abstract

In the seventeenth century, Europeans on the Gold Coast took gold pawns as security for debt, but from the early eighteenth century, they turned increasingly toward the use of human pawns. This shift was the result of a transformation in levels of demand for gold amongst African sellers, most notably the Asante, who began to secure control over local gold sources from c. 1700. The change in demand for gold was accompanied by a rise in slave prices on the West African coast, but it was the indigenous system of debt recovery that proved crucial to the success of European trade.

Journal Article Type Article
Publication Date 2013
Journal Journal of African History
Peer Reviewed Peer Reviewed
Volume 54
Issue 2
Pages 147-75
APA6 Citation Spicksley, J. (2013). Pawns on the Gold Coast: the rise of Asante and shifts in security for debt, 1680-1750. 00 Journal not listed, 54(2), 147-75. https://doi.org/10.1017/S0021853713000297
DOI https://doi.org/10.1017/S0021853713000297
Keywords Ghana; Credit; Currencies; Economic; Mining; Slavery; Trade
Publisher URL https://www.cambridge.org/core/journals/journal-of-african-history/article/pawns-on-the-gold-coast-the-rise-of-asante-and-shifts-in-security-for-debt-16801750/BE803682FDC0993B05D9394553276E75
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