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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.
Raymond L. Cohn, an economics professor whose research has focused on economic history and international migration, [231] has researched the mortality rates among Africans during the voyages of the Atlantic slave trade. He found that mortality rates decreased over the history of the slave trade, primarily because the length of time necessary ...
The Middle Passage was the stage of the Atlantic slave trade in which millions of enslaved Africans [1] were forcibly transported to the Americas as part of the triangular slave trade. Ships departed Europe for African markets with manufactured goods (first side of the triangle), which were then traded for slaves with rulers of African states ...
A triangular trade occurred in this period: between Africa, North and South America, and Europe; and it worked in the following way: Slaves came from Africa, and went to the Americas; raw materials came from the Americas and went to Europe; from there, finished goods came from Europe and were sold back to the Americas at a much higher price.
The impossible trinity (also known as the impossible trilemma, the monetary trilemma or the Unholy Trinity) is a concept in international economics and international political economy which states that it is impossible to have all three of the following at the same time: a fixed foreign exchange rate; free capital movement (absence of capital ...
A trade war is a conflict between two countries marked by rising tariffs and other similar protectionist actions. Remember, a tariff is a tax put into place by one country on imported goods or ...
The "Triangular Trade". American planters responded to increased European demand by expanding the size and output of their plantations. The number of man-hours needed to sustain larger operations increased, which forced planters to acquire and accommodate additional slave labor.
The colonial molasses trade occurred throughout the seventeenth, eighteenth and nineteenth centuries in the European colonies in the Americas. Molasses was a major trading product in the Americas, being produced by enslaved Africans on sugar plantations on European colonies.