ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -During the so-called triangular trade that ensued from European colonization of Africa, slaves were purchased in West Africa, shipped to the Americas to produce cotton etc. The cotton was then shipped to Europe and converted into textiles. The textiles were then shipped to Africa in exchange for more slaves.

Detailed explanation-2: -Answer and Explanation: European merchants would ship goods like guns, alcohol, textiles, and trinkets to African tribes in exchange for prisoners they had captured from enemy tribes. These prisoners, once sold to Europeans, became slaves on American and Caribbean plantations in the New World.

Detailed explanation-3: -The triangular trade was the trade between Europe, Africa, and the Americas. Raw materials like precious metals (gold and silver), tobacco, sugar and cotton went from the Americas to Europe. Manufactured goods like cloth and metal items went to Africa and the Americas.

Detailed explanation-4: -Mercantilism led to the emergence of what’s been called the “triangular trade”: a system of exchange in which Europe supplied Africa and the Americas with finished goods, the Americas supplied Europe and Africa with raw materials, and Africa supplied the Americas with enslaved laborers.

Detailed explanation-5: -Rum and manufactured goods taken by New World merchants to Africa were sold in exchange for enslaved people. These slaves were taken to the New World and sold. Slavers used the proceeds to buy mahogany and molasses, and the cycle continued onward.