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He investigates indigenous commercial ventures and institutions, the rise of the plantation economy in the 16th century, and the impact of slavery. He discusses the slave revolts and struggles for independence, seen by European landowners not as a matter of human or political rights but as an expensive interruption to their profit flow. History of the Caribbean traces the fate of a group of small islands whose natural resources transformed them first into some of the wealthiest places on earth and then into some of the poorest. 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