Difference between revisions of "Triangular trade"

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[[Image:Triangle trade2.jpg|thumb|right|The common route established by European Powers]]
 
[[Image:Triangle trade2.jpg|thumb|right|The common route established by European Powers]]
'''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.  The most common destination for slave traffic were islands in the Caribbean and Portugese Brazil.
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'''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.  The most common destination for slave traffic were islands in the Caribbean and Portuguese Brazil.
  
 
It was developed by the Portuguese in the 16th century, which they called ''volta do mar''.  Later, other powers such as Britain, Spain, France, Holland, Denmark, and other maritime nations of Europe followed.  To a lesser degree, it was used by Colonial America.
 
It was developed by the Portuguese in the 16th century, which they called ''volta do mar''.  Later, other powers such as Britain, Spain, France, Holland, Denmark, and other maritime nations of Europe followed.  To a lesser degree, it was used by Colonial America.

Revision as of 12:58, 19 May 2019

The common route established by European Powers

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. The most common destination for slave traffic were islands in the Caribbean and Portuguese Brazil.

It was developed by the Portuguese in the 16th century, which they called volta do mar. Later, other powers such as Britain, Spain, France, Holland, Denmark, and other maritime nations of Europe followed. 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