ipl-logo

Effects Of The Triangular Trade

974 Words4 Pages

The Atlantic Trading System, also known as the Triangular Trade, began in 1526 and lasted from the 16th century to the 19th century. It connected three countries’ economies. It involved Africa, America, Caribbean, Europe, and the Indian Ocean. Mainly, Africans were victimized. The role of silver, European merchants and the economic and social effects of the trade changed those countries greatly. It is known as the “Triangular Trade” because of the geographical path the ships took to transport goods. Sugar, tobacco, and cotton went to Europe. Textiles, rum and manufactured goods went to Africa. Slaves went to the Americas. (A, F) There were three simple yet long steps of the trading process. Firstly, the ships left Western Europe for Africa with goods to trade for slaves. This exchange lasted from one week to several months. The slaves were then transported to America to be sold throughout the country. Finally, the products created by the slaves were brought back to Europe. The main exports were rum, sugar, molasses, weapons, and gun powder. The whole cycle lasted roughly eighteen months. (A) …show more content…

In Africa, the population dwindled and the slave trade prevented to future growth of the African economy. While Europe’s and Asia’s populations grew, Africa’s shrank. There was also slavery within Africa. This rose to catch up with the slave trade. Only on the eastern border of Africa, where the ships docked, did the cities prosper On the other hand, the economy in the New World flourished. Because of the many slaves working, more crops were grown and more goods were created. This meant more could be sold and quicker. New markets were opened in the colonies.

Show More
Related
155 Words | 1 Pages

During the time period of 1450-1750, there were many changes as well as continuities in the economy of the Atlantic world form. One main change during this time was, the involvement of trading European firearms and other foods. This diversified the initial upbringing of the Atlantic world trade, which was different from its original usage of exporting slaves, gold, salt, and other goods. But this was both a positive and negative change for the economical status of the Europeans earnings increased, but negatively as well as there were more weapons used for violence. In relation, a continuity that occurred through this time was the use of the Atlantic world for the trade of African slaves.

Read More
1640 Words | 7 Pages

In the 1500’s the world was run on an Independent world, which meant that all countries were depending on their selves. Throughout the early to late 1500’s countries were trading with each other for goods either with money or other goods that other countries were unable to produce themselves. There were trade circles all over the world that trade runners would travel to unload their cargo and stock up products they receive from trade. These countries were trading materials such as gold, sugar, tobacco, and metals, and other raw materials that were valuable. By the 1700 the world was turning more interdependent.

Read More
498 Words | 2 Pages

There was a high demand for luxurious goods that were special to each region which caused a great increase in trade. This also occurred on the Trans-Saharan trade routes with gold. Religion also played a big factor in why trade was increasing in these two trade routes. Increases in technology helped trade become more efficient and faster. For example, the compass helped people trade along the Indian Ocean sea lanes.

Read More
1328 Words | 6 Pages

One of the more important factors was understanding the economic power of china. China supplied for and consumed products of this trading network. They also provided technological innovations. Another factor was that there was a sudden rise of Islam and its spread across the Afro-Eurasia world. This creation of the Arab Empire brought together a political system in range of economies and cultural traditions thus providing a vast area for trade.

Read More
537 Words | 3 Pages

The Early Modern Period began in the late 15th century through the 18th century. The early modern period follows the late Middle Ages of the post-classic era. The period witnessed the exploration and colonization of the Americas. It also experienced the rise of sustained contacts between previously isolated parts of the globe. The global economic system included trade routes, exports and imports, and industrial enterprises.

Read More
236 Words | 1 Pages

After the 13 Colonies had been established, trade routes were created between the 13 Colonies and other parts of the world, including Africa, Europe, and the West Indies. They used boats to transport foods, goods, materials, and slaves across the Atlantic Ocean. This is how they got what they needed. There were a few main trade routes between different parts of the world: between the 13 Colonies and Europe, they traded goods including fish, lumber, tobacco, and whale oil, and Europe gave the colonies teas, tools, and cloth. Between the colonies and Africa, they traded iron products and rum.

Read More
763 Words | 4 Pages

The transatlantic slave trade or triangular trade was a trade system involving Britain, Europe, Africa, America and the West Indies. Goods such as firearms and alcohol were taken from Britain to Africa in exchange for slaves. The slaves were then taken to America and the West Indies where they were exchanged for rum and sugar for the voyage back to Britain. It can be argued that the key reason for the development of the British economy in the 18th century was its role in the slave trade, although there were many other factors involved such as the industrial revolution and the British Empire.

Read More
1015 Words | 5 Pages

Exploration to the New World led to greedy rulers wanting more. There were many new resources and opportunities to make money; for example tobacco, sugar, and even minerals. Because of the demand for these crops, the Europeans needed someone to do the work. With the Native American population drastically declining, the Europeans had to find another source of labor so they turned to the African Americans. This began the slave trade where millions of slaves were taken from Africa to other areas as a source of income.

Read More
1183 Words | 5 Pages

When the Northern Region of America was colonized by the Europeans, there was much idle and fertile land which ha d to be put into good use. However, there was shortage of cheap labor. Thus, cheap men and women were required to work on the plantations. Enslaving white slaves was not the solution because the whites were deemed unfit and lazy to deliver better outcomes like the strong African men. This led to the wake of slave-trade where explorers would import slaves from Africa and sell them in America.

Read More
1396 Words | 6 Pages

Marielle Apronti Prof. Oscar Williams AAFS 311 4 March 2018 The Trans-Atlantic slave trade was the most important factor when considering the early development of European capitalism. The arrival of the Portuguese to the West African Coast and their establishment of trading and slave ports throughout the continent set in stone a trend of exploitation of Africa 's labor and human resources. Europeans greatly benefited from the Trans-Atlantic trade, as it allowed them to aggregate raw materials such as sugar and cotton to manufacture products that funded the Industrial Revolution. In the book “Capitalism and Slavery” by Eric Williams he addresses the origin of “Negro” history, the economic and political impact of slavery in Great Britain, the role of the American Revolution and the decline of slavery in Great Britain.

Read More
763 Words | 4 Pages

During the period between 600 C.E. and 1600 C.E. in Africa, there were many changes in long distance trade as well as aspects of long distance trade that remained the same. At this time, trade relationships that stretched across the south Saharan region had developed. Throughout this time period, the secureness of trade in Africa and the types of goods traded remained a constant trend. While these aspects remained the same, the change came to be the development of overseas African trade networks.

Read More
506 Words | 3 Pages

Between the years 600 BCE and 1200 CE, interregional trade affected society in Africa. During that time period, Africa was underdeveloped in comparison to the other continents throughout the world. This fact was ultimately the result of Africa’s inability to domesticate animals and establish a common religion. Nevertheless, the benefits of interregional trade allowed Africa to obtain more animals, as well as spread a new religion. These impacts played a key factor in Africa becoming the independent continent it is today.

Read More
922 Words | 4 Pages

Economic Effects of the Columbian Exchange  Inflation of cash-crops, slavery and silver resulting from the Columbian Exchange caused a drastic effect on the global economy.   Cash-crops forged new trade routes across continents, slavery supported New World exports, and silver caused power shifts in the world 's distribution of wealth.   As Spanish expeditions to the New World increased in size and purpose, the economic effects on the rest of the world spread with equal vigor.   The triangular trade circulated commodities between Europe, Africa, and the Americas.   From Europe some commodities were distributed throughout Asia.

Read More
861 Words | 4 Pages

The enslaved Africans were viewed as property, meaning they could be sold and shipped off across the sea for work and labor. The Transatlantic slave trade expanded despite the consequences for the enslaved africans because of economic success, transportation of new goods to new places, and

Read More
659 Words | 3 Pages

The Atlantic world from 1492 to 1750 experienced economic and social transformations due to new contacts among the major continents that bordered the Atlantic Ocean. Western Europe, Africa, and the Americas saw dramatic economic and social changes caused by the slave trade, the increase of trade, and the Europeans “discovery” of America. The Atlantic world experienced great Economic changes created by the new global connections established between continents that allowed the expansion of trades, slave trades, and the claiming of land. Due to the new found connections the participants of trade all over the world brought home new goods, mainly from Europe, and materials previously never seen before or goods they were in need of.

Read More

More about Effects Of The Triangular Trade

Related Topics

Open Document