An example of this is John Pinney who earned his money from sugar produced by slaves and invested his money in private property instead of reinvesting it in the business. He built a large residence called number 7 Great George Street, later inherited by his son. It should be significant that those heavily involved in the slave trade benefited on a personal level as a reflection of the wider success the slave trade had in Bristol. As a result of its success, the citizens of Bristol were able to reap the benefits of tremendous growth in a very short space of time. Many families owned offshore plantations, and merchant families became very wealthy and spent large sums of money on property and luxury goods such as ivory or gold imported from Africa. The removal of the monopoly now allowed the legal trade of African slaves in other cities other than London such as Bristol and some historians argue that this crucial piece of legislation in the British slave trade was the catalyst for Bristol's power as England's largest port for the trade of slaves. . The end of the monopoly allowed free trade and the development of independent parties more involved in the slave trade