Explain Where and When the So-Called Triangle Trade Occurred, Identifying

question 52

Essay

Explain where and when the so-called Triangle Trade occurred, identifying the three primary commodities the text discusses in this exchange network. Contrast the production and exchanges that occurred in the Caribbean plantation economy with the exchanges occurring between European trappers and Native American populations in North America.

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Definitions:

Retail Inventory Method

The retail inventory method is an accounting technique used by retailers to estimate their inventory's ending balance/cost based on the relationship between the cost of merchandise and its retail price.