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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.
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.
The 10th-century Persian traveller Ibn Rustah described how Swedish Vikings, the Varangians or Rus, terrorized and enslaved the Slavs taken in their raids along the Volga River and sold them to slavery in the Abbasid Caliphate via the Volga Bulgarian slave trade and the Samanid slave trade. The thrall system was finally abolished in the mid ...
The slaves also completed the trading process known as Triangle trade. The south and Chesapeake's point of the triangle involved the import of slaves from Africa, and the exporting of tobacco and other goods to England. [6] The agricultural society affected which items southern colonists exported.
A trade route is a logistical network identified as a series of pathways and stoppages used for the commercial transport of cargo. The term can also be used to refer to trade over bodies of water. Allowing goods to reach distant markets, a single trade route contains long-distance arteries, which may further be connected to smaller networks of ...
The Atlantic slave trade or transatlantic slave trade involved the transportation by slave traders of enslaved African people to the Americas. European slave ships regularly used the triangular trade route and its Middle Passage. Europeans established a coastal slave trade in the 15th century and trade to the Americas began in the 16th century ...
Mercantilism. Seaport at sunset, a painting by Claude Lorrain, completed in 1639 at the height of 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 ...
The Columbian exchange, also known as the Columbian interchange, was the widespread transfer of plants, animals, precious metals, commodities, culture, human populations, technology, diseases, and ideas between the New World (the Americas) in the Western Hemisphere, and the Old World (Afro-Eurasia) in the Eastern Hemisphere, in the late 15th and following centuries. [1]