Difference between revisions of "Triangular trade"
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| − | '''Triangular trade''' was | + | [[Image:Triangle trade2.jpg|thumb|right|The common route established by European Powers]] |
| − | that had three parts or "sides" to the "triangle": [[Africa]] to the Americas to transport [[slave]]s, the Americas to Europe to transport raw materials, and Europe to Africa to transport finished goods for sale. | + | '''Triangular trade''' was a trans-Atlantic trade route used by European powers that had three parts or "sides" to the "triangle": [[Africa]] to the Americas to transport [[slave]]s, the Americas to Europe to transport raw materials, and Europe to Africa to transport finished goods for sale. |
| − | It was developed by the Portuguese in the 16th century | + | It was developed by the Portuguese in the 16th century and later used by Britain, Spain, France, Holland, Denmark, and the other maritime nations of Europe. To a lesser degree, it was used by Colonial America. |
| − | It is disputed whether trade really occurred in a "triangle", and there are good reasons to be skeptical. For example, there was no significant market in Africa for finished goods. The term "triangular trade" itself was not used contemporaneously with the trade. | + | ==Controversy== |
| + | It is disputed whether this trade really occurred in a "triangle", and there are good reasons to be skeptical. For example, there was no significant market in Africa for finished goods. The term "triangular trade" itself was not used contemporaneously with the trade. | ||
==See also== | ==See also== | ||
Revision as of 13:02, May 14, 2019
Triangular trade was a trans-Atlantic trade route used by European powers that had three parts or "sides" to the "triangle": Africa to the Americas to transport slaves, the Americas to Europe to transport raw materials, and Europe to Africa to transport finished goods for sale.
It was developed by the Portuguese in the 16th century and later used by Britain, Spain, France, Holland, Denmark, and the other maritime nations of Europe. To a lesser degree, it was used by Colonial America.
Controversy
It is disputed whether this trade really occurred in a "triangle", and there are good reasons to be skeptical. For example, there was no significant market in Africa for finished goods. The term "triangular trade" itself was not used contemporaneously with the trade.
See also
Further reading
- Ostrander, Gilman M. "The Making of the Triangular Trade Myth", William and Mary Quarterly, 30 (1973), 635-44. in JSTOR