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Triangular trade. Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset trade imbalances between different regions.
t. e. A marker on the Long Wharf in Boston serves as a reminder of the active role of Boston in the slave trade, with details about the Middle Passage [1]. The Middle Passage was the stage of the Atlantic slave trade in which millions of enslaved Africans [2] were transported to the Americas as part of the triangular slave trade.
A depiction of enslaved people transported across the Sahara Desert. Slavery was prevalent in many parts of Africa [ 80 ] for many centuries before the beginning of the Atlantic slave trade. An article from PBS explains the differences between African slavery and European slavery in the Americas.
Proto-globalization or early modern globalization is a period of the history of globalization roughly spanning the years between 1500 and 1800, following the period of archaic globalization. First introduced by historians A. G. Hopkins and Christopher Bayly, the term describes the phase of increasing trade links and cultural exchange that ...
e. The history of slavery spans many cultures, nationalities, and religions from ancient times to the present day. Likewise, its victims have come from many different ethnicities and religious groups. The social, economic, and legal positions of slaves have differed vastly in different systems of slavery in different times and places. [1]
t. e. The slave codes were laws relating to slavery and enslaved people, specifically regarding the Atlantic slave trade and chattel slavery in the Americas. Most slave codes were concerned with the rights and duties of free people in regards to enslaved people. Slave codes left a great deal unsaid, with much of the actual practice of slavery ...
Mercantilism. Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports for an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade.
In European history, the commercial revolution saw the development of a European economy – based on trade – which began in the 11th century AD and operated until the advent of the Industrial Revolution in the mid-18th century. Beginning c. 1100 with the Crusades, Europeans rediscovered spices, silks, and other commodities then rare in Europe.