The Triangular Trade of the Colonial American Shipping Industry

question 68

Multiple Choice

The triangular trade of the colonial American shipping industry

• A) was not that profitable.
• B) involved America, France, and England.
• C) relied on the Spanish fleet for protection.
• D) saw the Spanish gaining the largest profits.
• E) involved the trading of rum for African slaves.

---

Definitions:

International Sale of Goods

Transactions involving the sale of goods between parties located in different countries, governed by conventions and international agreements like the CISG.

Commercial Sale

The act of selling goods or services within a commercial context, often involving bulk transactions between businesses.

Licensing Subsidiary

A business entity created for the purpose of holding licenses or intellectual property rights and possibly leasing these rights to affiliate companies or third parties.

Own Business

The act of managing and operating an individual’s personal entrepreneurial venture or company.