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That diagram was designed by anti-slavery campaigners to illustrate the appalling conditions. The Brookes ship was built to carry something like 400 people, but was actually carrying abotu 600. If you look at the captions on the diagram they underline words like 'under' to increase the effect.
It was actually not such an efficient system. High losses made it very inefficient.....just very, very profitable. The temptation to pack ever greater numbers onto each voyage led to greater numbers of losses, which in turn seemed to drive for even greater numbers to offset the losses on each voyage :P
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