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
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