The leaders of each colony knew that labor was essential for economic survival, so they provided incentives for planters to import workers. for each laborer brought across the Atlantic, the master was rewarded with 50 acres of land. it was used by wealthy plantation aristocrats to increase their land.
The main argument in favor or slavery as an institution during this time in the US was that black people could not take care of themselves and that they would fall into chaos if allowed to go free. Another argument was that many were already enslaved in Africa and were living better lives in the US.
The european union produces about 15% of the world's goods and services. The EU hosts only 6.9% of the world's population, but its trade with the rest of the world represents approximately 20% of world imports and exports. Approximately 62% of total trade is between the EU countries, it is one of the three main world trade powers. The other two are the United States and China.