How Slavery Thrived in Renaissance Europe
historyextra.com
historyextra.com
If you want an explosion of richness you need someone oppressed behind. Otherwise there will be no explosion, only a slow transition in decades, perhaps that last FAR longer, but that does not give so much wealth to a handful of people.
During renaissance such move help not-so-few, apparently but if we consider global numbers that not-so-few appear to be still very few.