New
What was Triangular trade?
| A. |
Slaves from Africa to the New World, raw materials from the New World to Europe, and products from Europe sold back to both Africa and the New World |
|
| B. |
Slaves from Africa, raw materials from Europe to the New World, and products from the New World sold back to Africa and the New World |
Triangular trade:-
Triangular barter is an exchange of services and commodities between Three anchorages or neighborhoods. It is commonly used to decipher the business between England, Africa, and the Americas.
It unfolds usually when a country has export merchandise that is not compelled anymore in the country from which its major imports come, this delivers a technique for regulating trade unevenness between the above regions. It was the sailing path seized by the British slave merchants.
It was the pilgrimage of three grades. A British ?? ship transmitting business welfares set voyage from Britain, bound for the west Africa.
Step by step
Solved in 2 steps
