Title: How did triangular trade affect colonial economies? | Socratic
Headings: How did triangular trade affect colonial economies?
How did triangular trade affect colonial economies?
1 Answer
Rory
Explanation:

Content: The European countries bought the natural resources from North America to manufacture goods (guns, clothes, furniture, etc). They supplied most of the manufactured goods. Africa: West African leaders would trade slaves from inland to traders in exchange for European goods. A trader could start in North America, picking up lumber, tobacco, and other natural resources and sell them to Europe while picking up manufactured goods. Then, they would sail down to Africa, trade the goods for slaves. Finally, they would return to North America to trade the slaves for more natural resources. Because currents and trade winds made this route quick and efficient, this became the most profitable pattern for traders. As more traders began using "triangular trade," demand for colonial resources rose, which caused two tragic changes in the economy: More and more land was required for the collection of natural resources, resulting in the continuing theft of land from Native Americans.