Difference between revisions of "Triangular trade"
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'''Triangular trade''' was supposedly a trans-Atlantic British trade route | '''Triangular trade''' was supposedly a trans-Atlantic British trade route | ||
| − | that had three parts or "sides" to the "triangle": [[Africa]] to the | + | 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 | + | |
| + | It was developed by the Portuguese in the 16th century, but later used by Britain, France, Holland, Colonial America and the other maritime nations of Europe. | ||
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 contemporaneous with the trade. | 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 contemporaneous with the trade. | ||
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See also: | See also: | ||
*[[African slave trade]] | *[[African slave trade]] | ||
| + | ==Further reading== | ||
| + | * Ostrander, Gilman M. "The Making of the Triangular Trade Myth", ''William and Mary Quarterly'', 30 (1973), 635-44. [http://www.jstor.org/stable/1918599 in JSTOR] | ||
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[[Category:Economic History]] | [[Category:Economic History]] | ||
[[Category:Slavery]] | [[Category:Slavery]] | ||
[[Category:Colonial America]] | [[Category:Colonial America]] | ||
Revision as of 11:35, August 13, 2009
Triangular trade was supposedly a trans-Atlantic British trade route 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, but later used by Britain, France, Holland, Colonial America and the other maritime nations of Europe.
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 contemporaneous 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