Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset trade imbalances between different regions.
Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset trade imbalances between different regions.
Significance
The triangular trade was not a route, but a strategy for making trade among distant markets easier and more profitable.) At the same time, a different triangular trade route arose between New England, West Africa, and Central America and the Caribbean islands
Effects
The Mercantilist nature of the Triangular Trade also had a major impact on the function of the slave trade, in Africa, the New World, and in between. From their small enclaves in Africa, colonial powers worked hard to maintain a favorable balance of trade with the local African elites as with their European neighbors
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Answer:
Hi i am anubhav
Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset trade imbalances between different regions.
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Definition:-
Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset trade imbalances between different regions.
Significance
The triangular trade was not a route, but a strategy for making trade among distant markets easier and more profitable.) At the same time, a different triangular trade route arose between New England, West Africa, and Central America and the Caribbean islands
Effects
The Mercantilist nature of the Triangular Trade also had a major impact on the function of the slave trade, in Africa, the New World, and in between. From their small enclaves in Africa, colonial powers worked hard to maintain a favorable balance of trade with the local African elites as with their European neighbors
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