What were the immediate consequences of England abolishing the slave trade?

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The immediate consequence of this abolition was that other countries took over the slave trade and that some British merchants risked punishment to continue trading slaves illegally.

When the slave trade was abolished, it immediately became a more lucrative business.  Those who were bold enough to keep on doing it were able to charge much more because so fewer people were willing to continue.

The other major impact was to allow other countries to make money off the slave trade.  Britain had dominated the trade up until that time.  After Britain abolished the slave trade, other countries (most notably the United States) took up slave trading, thus taking profits that had once been enjoyed by the British.

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