
How did triangular trade affect colonial economies?
Answer
484.5k+ views
Hint: Slavery has existed since ancient times in Africa. In the time used extensively by the Spanish and the Portuguese in the Americas, enslaved Africans were part of the international trade network.
Complete answer: The Triangular Trade Sense and Definition: The 'Triangular Trade' was so-called because it was three-sided, including trips from England to Africa, the Americas to Africa and the Americas. The demand for both land and slave labour was increased by triangular trade. The triangular trading routes were fundamental to England's practice of mercantilism, in which colonies had one main purpose: to enrich the parent nation (England). Trade's idea was that the various regions would trade goods they had in abundance in return for the goods they wanted but lacked in their region. With the Slave Trade, the English became involved and the Triangular Trade pattern across the Atlantic was established. The founder of the British slave trade is often considered to be Sir John Hawkins, since he was the first to operate the Triangular trade route across the Atlantic, making a profit at every stop. Lots of natural resources were provided by the English colonists, such as tobacco, timber, sugar, etc. They purchased a lot of slave labour. The European countries purchased North America's natural resources to generate products (guns, clothes, furniture, etc). Most of the processed goods were supplied by them. In exchange for European goods, West African leaders would trade inland slaves with merchants. A trader might begin picking up lumber, tobacco, and other natural resources in North America and exporting them to Europe while collecting manufactured goods. They will then sail down to Africa and exchange the goods for slaves. Finally, to exchange the slaves for more natural resources, they must return to North America. This became the most lucrative pattern for traders because currents and trade winds made this route swift and effective. To grow colonial cash crops that were exported to Europe, the use of African slaves was fundamental. In exchange, European goods were used to buy African slaves, who were then taken to the Americas on the sea lane west from Africa.
Note: The triangular trade had three stages, firstly trade of goods took place, second phase transportation of people to America as slaves and thirdly when colonies of British took over the role of Europe.
Complete answer: The Triangular Trade Sense and Definition: The 'Triangular Trade' was so-called because it was three-sided, including trips from England to Africa, the Americas to Africa and the Americas. The demand for both land and slave labour was increased by triangular trade. The triangular trading routes were fundamental to England's practice of mercantilism, in which colonies had one main purpose: to enrich the parent nation (England). Trade's idea was that the various regions would trade goods they had in abundance in return for the goods they wanted but lacked in their region. With the Slave Trade, the English became involved and the Triangular Trade pattern across the Atlantic was established. The founder of the British slave trade is often considered to be Sir John Hawkins, since he was the first to operate the Triangular trade route across the Atlantic, making a profit at every stop. Lots of natural resources were provided by the English colonists, such as tobacco, timber, sugar, etc. They purchased a lot of slave labour. The European countries purchased North America's natural resources to generate products (guns, clothes, furniture, etc). Most of the processed goods were supplied by them. In exchange for European goods, West African leaders would trade inland slaves with merchants. A trader might begin picking up lumber, tobacco, and other natural resources in North America and exporting them to Europe while collecting manufactured goods. They will then sail down to Africa and exchange the goods for slaves. Finally, to exchange the slaves for more natural resources, they must return to North America. This became the most lucrative pattern for traders because currents and trade winds made this route swift and effective. To grow colonial cash crops that were exported to Europe, the use of African slaves was fundamental. In exchange, European goods were used to buy African slaves, who were then taken to the Americas on the sea lane west from Africa.
Note: The triangular trade had three stages, firstly trade of goods took place, second phase transportation of people to America as slaves and thirdly when colonies of British took over the role of Europe.
Latest Vedantu courses for you
Grade 11 Science PCM | CBSE | SCHOOL | English
CBSE (2025-26)
School Full course for CBSE students
₹41,848 per year
Recently Updated Pages
Master Class 11 Business Studies: Engaging Questions & Answers for Success

Master Class 11 Economics: Engaging Questions & Answers for Success

Master Class 11 Accountancy: Engaging Questions & Answers for Success

Master Class 11 Computer Science: Engaging Questions & Answers for Success

Master Class 11 English: Engaging Questions & Answers for Success

Master Class 11 Maths: Engaging Questions & Answers for Success

Trending doubts
Which one is a true fish A Jellyfish B Starfish C Dogfish class 11 biology CBSE

The flightless birds Rhea Kiwi and Emu respectively class 11 biology CBSE

Difference Between Prokaryotic Cells and Eukaryotic Cells

1 ton equals to A 100 kg B 1000 kg C 10 kg D 10000 class 11 physics CBSE

One Metric ton is equal to kg A 10000 B 1000 C 100 class 11 physics CBSE

How much is 23 kg in pounds class 11 chemistry CBSE
