> The slave trade peaked around 11% of the UK economy
As your own source states, focusing on this single number is overly reductive:
> Any indirect linkage effects are not included in the quantitative estimates presented here.
> The growth of economic activities directly associated with the Triangular Trade or the American plantation complex would in turn have contributed to the development of other parts of the economy, through backward and forward linkages to a host of other value-chains. For example, a growth in demand for maritime shipping associated with the Triangular Trade most certainly had effects upon the development of the financial, insurance, and shipbuilding industries. It has also been argued that these factors helped drive the development of docks in the ports of Europe.
> In addition, it has been suggested that this would include fundamental shifts in institutions and economic structures. The growth of the Atlantic trade may thus have had other important consequences, for example, through contributing to institutional change in Britain, as Daron Acemoglu, Simon Johnson, and James Robinson have famously argued.
> Activities of this magnitude can hardly be dismissed as marginal to the British economy at the time.
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> European powers that never engaged in the slave trade or colonialism, namely Germany
What? Germany was absolutely involved in colonialism. Slavery perhaps not in an official state capacity given the lateness of its formation relative to the Trans-Atlantic trade, but people from the region certainly were.
> Same is true for free states versus slave states in America.
Again this is overly dismissive of the economic interplay between North and South. The Northern textile industry was reliant on cotton grown in the South, and the South provided an important outlet for Northern goods.
[1]
> As for the lack of a home market, southern consumers generated a significant demand for northern-made shoes, clothing, locomotives, steamboats, farm implements--to name just a few products--that encouraged such promoters as Gregg and De Bow to believe that a market for southern manufactures existed if it could only be exploited.
[1] Battle Cry of Freedom, pp. 97