ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following BEST describes the effect of Triangular Trade?
A
African slave labor resulted in the growth of large plantations in Latin America.
B
African slave labor resulted in the decline of large plantations in Latin America.
C
African slave labor resulted in decreased numbers of wealthy native people.
D
African slave labor resulted in increased numbers of wealthy native people.
Explanation: 

Detailed explanation-1: -Which statement best describes the effect of Triangular Trade on Africa? Communities were devastated, the population declined, families were torn apart, and slave trading wars claimed even more African lives.

Detailed explanation-2: -The slave trade had devastating effects in Africa. Economic incentives for warlords and tribes to engage in the slave trade promoted an atmosphere of lawlessness and violence. Depopulation and a continuing fear of captivity made economic and agricultural development almost impossible throughout much of western Africa.

Detailed explanation-3: -The triangular trade had a tremendous impact on America. It provided Americans with the manufactured tools and weapons from Europe to conquer and settle North America. It also supplied Americans with the slave labor from Africa it needed to grow cash crops like tobacco and rice.

Detailed explanation-4: -transatlantic slave trade three stages of the so-called triangular trade, in which arms, textiles, and wine were shipped from Europe to Africa, enslaved people from Africa to the Americas, and sugar and coffee from the Americas to Europe.

There is 1 question to complete.