How Did the Transatlantic Slave Trade Influence the Economy of the European

Question

Examlex · Accepted Answer

The Answer is Answer would ideally include:
The transatlantic slave trade that the British, as well as the Dutch, Portuguese, French, Americans, and others, participated in affected the economics of the European colonies in many ways. First, the trade provided cheap labor for colonial plantations, and thereby increased overall profits. The transatlantic trade was also part of a much larger trading network that is known in history as the "triangle trade." In this system, European merchants traded European manufactured goods for enslaved Africans in Africa and then traveled to the Americas where they exchanged their human cargo for raw materials, which they then shipped back to sell in Europe. The importance of the slave trade extended beyond the Atlantic world. The expansion of capitalism, as well as the industrialization of Western societies, Egypt, and the nations of West, Central, and South Africa, all related in one way or another to the traffic in African people.

How Did the Transatlantic Slave Trade Influence the Economy of the European

Definitions: