Weeks 19: The Atlantic World IDs

 

Capitalism Emerges

 

Triangular trade refers to the exchange of goods and people between Europe, Africa, and the Americas.

 

The Triangle

 

• European products and guns are traded for African slaves
• Slaves travel the Middle Passage to the Caribbean to be sold for sugar, tobacco, molasses, and rum
• The products would be sent back to Europe where the process would begin again

 

Effects

 

• The slave trade thrived under this system
• African nations became wholly dependent on trade with Europe
• The economies of European countries benefitted from this system
• Capitalism had its earliest roots in this system

 

 

Diagram of the Triangular Trade Routes