SETTLING NORTH AMERICA 1497 1732
RISE OF THE SLAVE TRADE BLACK HISTORY IN COLONIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Atlantic Slave trade
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Position Trading
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Triangular Trade
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Imperialism
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Detailed explanation-1: -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-2: -Multilateral trade agreement occurs between three or more nations, and they are treated equally, and no one gets a most favoured nation status. The aim is to standardise commerce regulations, encourage exports and imports, reduced tariffs, and quotas between member countries.
Detailed explanation-3: -The Atlantic slave trade used a system of three-way trans-Atlantic exchanges – known historically as the triangular trade – which operated between Europe, Africa, and the Americas from the 16th to 19th centuries.
Detailed explanation-4: -The multilateral trading system is an attempt by governments to make the business environment stable and predictable. The Uruguay Round increased bindings. Percentages of tariffs bound before and after the 1986-94 talks.