Thursday, April 2, 2009

Triangular trade, or Triangle trade,



Triangular trade, or Triangle trade, is a historical term indicating trade among three ports or regions. The trade evolved where a region had an export commodity that was required in the region from which its major imports came. Triangular trade thus provided a mechanism for rectifying trade imbalances.

The Transatlantic Triangular Trade operated during the 17th, 18th and early 19th centuries, carrying slaves, cash crops, and manufactured goods between West Africa, the Caribbean or American colonies and the European colonial powers, with the northern colonies of British North America, especially New England, sometimes taking over the role of Europe.[1]

0 comments:


Free Blogger Templates by Isnaini Dot Com and Wedding Dresses. Powered by Blogger