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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.
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 forcibly transported to the Americas as part of the triangular slave trade.
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.
Mercantilism helped create trade patterns such as the triangular trade in the North Atlantic, in which raw materials were imported to the mother country and then processed and redistributed to other colonies. The other nations of Europe also embraced mercantilism to varying degrees.
The triangular trade was a route taken by slave merchants between England, Northwest Africa and the Caribbean during the years 1697 to 1807. [12] Bristol ships traded their goods for enslaved people from south-east Nigeria and Angola , which were then known as Calabar and Bonny.
Trade and commerce by slaves: Initially, most places gave enslaved people some land to work personally and allowed them to operate their markets. As slavery became more profitable, slave codes restricting the rights of enslaved people to buy, sell, and produce goods were introduced. [ 8 ]
For those who are feeling “stuck" or overwhelmed while striving for work-life balance, some experts recommend adopting a “pendulum lifestyle." Psychologists weigh in on the potential benefits.
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.