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Triangular Trade Google

February 9th, 2011 · 1 Comment · Trading


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Triangular trade 300x212 Triangular TradeFirst of all, that will be better to learn, what is the triangular trade?

Triangular trade is a trade between America,Europe and Africa. America exports something,that is needed by Europe, and Europe exports something too but there is a diffrence. Europe exports to Africa and finally, Africa exports to America. We called this kind of a trade as Triangular Trade.

How did the triangular trade begin? Triangular trade began when America was called as “New World.”around the late 16th century. America was selling Cotton, tobacco, and sugar,usually in liquid form, coffee etc. from the Caribbean to Europe. Sugar manufactured into Rum and export these items to Africa with some other manufactured products like textile goods as cloth, guns, glasswares,ammunition,copper etc. And this is  Africa’s turn. Africa sent what America need, slaves. Triangular trade is a historical term and I think this explains why and this is the best-known triangular trading system, the transatlantic slave trade, that operated from the late 16th to early 19th centuries.

We can explain triangular trade with an easy example. Let’s think there are three countries A,B and C. Three of them needs something and they can’t produce these things themselves. A exports goods to B, B exports goods to C and finally C exports to A. There are three countries trading and a triangle has three corners and this is the point why this kind of trade called Triangular Trade.

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1 yorum var ↓

  • 1 sanja // May 4, 2011 at 21:02

    method of triangular trade is a good method

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