Impact of Triangular Trade on Economies
Impact of Triangular Trade on Economies
In history, the economy of the colonies was established through triangular trade, a trade that was the route
established commercial in the Atlantic Ocean, its objective was to obtain slaves in Africa to be transported
the Americas where they would work in mines and plantations to export raw materials produced by hand
from slave labor in America to Europe. In Europe, manufactured products were produced that
they exchanged in Africa for slaves and thus this cycle was repeated.
The movement of millions of Africans to the New World during a period of approximately
Four hundred years was an important historical phenomenon with long-term international consequences.
Its effects on African trade and demographics, its impact on the development of America and its
significant influence on the economy of Europe, makes triangular trade worth analyzing.
Research question.
Triangle trade.
The commerce triangular system of international transactions across the Atlantic was the first
sample of the possibilities of globalization. The modern world economy, with its complex networks
of interdependence, it is essentially a consequence of the European discovery voyages between the
15th and 16th centuries.
It was known as "triangular trade" because it involved the export of slaves from Africa to the New World.
World, where they were held in sugar, cotton, and other raw material plantations that were later
they were exported to Western Europe, either for consumption or to be integrated into production processes
whose resulting goods were, in turn, exported to Africa as a means of payment for slaves.
United Kingdom
Slave ships from Great Britain departed from London, Liverpool, and Bristol to Africa.
Occidental, transporting fabric, weapons, hardware items, and beverages, all products of production
later, on the coast of West Africa, the price of these goods was negotiated for their
exchange for men, women, and children who had been captured by slave traffickers or
bought from the leaders of some African tribes.
2. Africa
The true origin of the triangular trade is found here, where the kidnapping of people was perpetrated.
different villages distant from the coast. From their hometowns, they were forced to march towards the coast
donde, aún en cautividad, serían objeto de intercambios comerciales. Una vez completada la deleznable
transaction, the slaves were housed on European or African ships. There the wait prolonged until
that the Captain considered the ship to be complete, an operation that usually required several stops in
different locations on the African coast extending, at times, up to three or four months.
Those who paid the price for the purchase of a human being sought the best deal and, at the same time,
they prioritized the work ability of each slave, which they evaluated based on their physical condition
apparent and health status. Once the ship had reached its capacity with all the people
kidnapped, crowded in the holds, departed for the New World.
3. America
The arrival in the West Indies had a mandatory first stop in the Antilles. There, the slaves
Africans would be sold to the highest bidder at auctions. Once they were purchased by a landowner,
his destiny was nothing other than to spend the rest of his life enslaved, working on the plantations. Since the
at the moment of their arrival at the property, they became the property of the plantation owner. They were considered
This impact was much greater in West Africa, from where the largest number was supplied.
slaves; and, especially, in the male population.
In the 18th century, slaves had become Africa's main export, something that,
Many analysts were the cause of the delay in the economic development of the continent. At the same time, their
The political repercussions were evident, as it was the same rulers, the most powerful ones, who
they organized the slave trade.
The impact of the Atlantic slave trade on the New World was decisive for its growth.
economic. Slaves played a crucial role in the development of this part of the world, compensating
the labor shortage that originated from the diseases that European immigrants had
brought with him, devastating the local populations.
The only positive aspect of this reality was the creativity with which, little by little, the communities
Blacks from the Americas developed new identities, based on a combination of African tradition,
encounters with European culture and their experiences in the New World; contributing to enrich the
global culture.
The slave trade and its influence on the development of the European economy.
Although for many historians there is no evident link between the two events, the truth is
that the economic transformation of Great Britain during the eighteenth century coincided with its participation in
the slave trade. The unprecedented economic shift towards manufacturing, trade and
progreso de la tecnología hacen pensar en la existencia de una relación entre el comercio triangular y el
progress of industrialization.
The profits obtained from the slave trade provided the British economy with an extra source of capital.
However, despite the evident economic development that the slave trade brought them,
England and for Europe at a certain point, the situation that preceded the mid-19th century.
no fue tan drástica en proporción. Es decir, esta dependencia entre prosperidad y trata de esclavos no lo era
both in the European context and around the dates we discussed, the abolition of the slave trade arrived
slaves, whose negative impact was not relevant at all for theeconomic progressthat was beginning to
arraigar entonces. De hecho, en las décadas que siguieron, la industrialización continuó su avance,
extending to new areas of Europe.
Conclusion.
The triangular trade was aperiod of great importance from the 15th to the 19th centuries in the Ocean.
Atlantic that opened the doors for global trade. It was triangular because it took place between 3 continents.
Africa, America, and Europe, following a cyclical pattern that helped the development of the economy during that time.
period. From this trade, the slave trade was an important determinant for its America.
economic growth since they benefited from slave labor from the African side was the
what else was harmed and could even have been an important factor in its delay in terms of growth
economic, since, with the sale of slaves, a lot of male population was lost and many of them
they never returned to their continent. In Europe, the unprecedented economic changes make one think about the
existence of a relationship between triangular trade and the progress of industrialization.
(EAE, 2018)
Bibliographic reference.
EAE. (2018, August 22). Triangular trade and its impact on the current economy. Retrieved 4 of
November 2018, based on [Link]
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