What Impact Did the Slave Trade Have on Europe

question 32

Multiple Choice

What impact did the slave trade have on Europe?

• A) The expanding trans-Atlantic trade in slaves and the products of slave labor became the basis of the European economic system.
• B) It caused the European economy to become dependent on the whims of West African rulers.
• C) It caused severe economic dislocations in the European states involved in the trade.
• D) As European states involved in the trade colonized West Africa, their empires became worldwide in scope.

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Definitions:

Stock Warrant

A financial instrument that gives the holder the right, but not the obligation, to buy a company's stock at a specific price before a certain date.

Par Preferred Stock

Preferred shares of stock issued at a specified nominal value, known as the par value.

Common Stock Warrants

Financial derivatives that give the holder the right, but not the obligation, to buy a company’s common stock at a specified price within a certain time frame.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.