1720 · Africanyear only
Elmina reports the gold halved and predicts a slave coast
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A report from Elmina in 1720 recorded that the gold coming in was about half what it had been ten or twelve years earlier, and warned that if the price of captives kept climbing the Gold Coast would become the Slave Coast. Dutch employees said the prediction had come true by 1726. The arithmetic behind it had been visible for years. In 1704 the English were offering goods worth nearly three ounces of gold for one man, and a Dutch officer noted that Africans, seeing this, were now paying more attention to the slave trade than to gold. Between September 1701 and April 1704 English ships carried some 2,300 people away from this stretch of Guinea. In 1706 it was said that Cape Coast Castle had handled 10,198 captives over two and a half years. The Dutch West India Company began recruiting captives in Akan country in 1711.