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This trade, in trade volume, was primarily with South America, where most slaves were sold, but a classic example taught in 20th century studies is the colonial molasses trade, which involved the circuitous trading of slaves, sugar (often in liquid form, as molasses), and rum between West Africa, the West Indies and the northern colonies of ...
The Columbian exchange, also known as the Columbian interchange, was the widespread transfer of plants, animals, and diseases between the New World (the Americas) in the Western Hemisphere, and the Old World (Afro-Eurasia) in the Eastern Hemisphere, from the late 15th century on.
Mercantilism focused on how this trade could best aid the states. Another important change was the introduction of double-entry bookkeeping and modern accounting. This accounting made extremely clear the inflow and outflow of trade, contributing to the close scrutiny given to the balance of trade. [45]
The Northern Triangle of Central America (NTCA) is a term used in the United States to refer collectively to the three Central American countries of Guatemala, Honduras, and El Salvador. The term is used with respect to the countries' economic integration , [ 1 ] and their shared challenges, including widespread poverty, violence, and ...
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 ...
According to this view, global trade commenced in 1571 when Manila was founded and became the first trading post linking America and Asia due to the expansive and profitable silver trade. [41] Scholars find the amount of silver traveling from Manila to China was approximately three million pesos or 94,000 kilograms in the early 1600s.
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Map of Meridian Line set under the Treaty of Tordesillas The Slave Trade by Auguste François Biard, 1840. The Atlantic slave trade is customarily divided into two eras, known as the first and second Atlantic systems. Slightly more than 3% of the enslaved people exported from Africa were traded between 1525 and 1600, and 16% in the 17th century.