What was the triangular trade explain?

Triangular trade is a term that describes the Atlantic trade routes between three different destinations, or countries, in Colonial Times. The Triangular Trade routes, covered England, Europe, Africa, the Americas and the West Indies. The West Indies supplied slaves, sugar, molasses and fruits to the American colonies.

Who benefited most from Triangular Trade?

The colonists were major beneficiaries of the Triangular Trade. The colonists received African labor to work plantations in the Caribbean and in North America. The colonists also had a market for their raw materials in Europe, especially Britain.

How did Europe benefit from the Triangular Trade?

The demand for American goods drove up the prices and made many shippers into wealthy men. Europeans also benefited from Triangular Trade. Europeans received goods, such as hemp and timber, with which they could build more ships for both shipping and naval needs.

What was the function of triangular trade?

Triangular trade or triangle trade is a historical term indicating trade among 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. Triangular trade thus provides a method for rectifying trade imbalances between the above regions . Historically the particular routes were also shaped by the powerful influence of winds and currents during the age of sail. For example, from the main tradin

Why was the ‘triangular trade’ so profitable?

As slave labor was in high demand in the colonies, the triangular trade was lucrative for Europe, which allowed the trade to remain robust for centuries. The slave labor supplied to the colonies allowed for the proliferation of plantations, which in turn helped with the growth and prosperity of the New World.

What are examples of triangular trades?

Here are some examples. A triangular trade with New England, the West Indies, and Europe gave Newfoundland an important economic role. Newfoundland cod formed one leg of a triangular trade that sent cod to Spain and the Mediterranean, and wine, fruit, olive oil, and cork to England.

What was the benefit of triangular trade?

The Triangular trade allowed the Europeans to both Strengthen their American colonies, and benefit in wealth as the America’s became more wealthy, and they sold things to Africa, got slaves sent to america, etc.