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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the economies and history of the world
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the rapid development of technology
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Asian communities
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the use of raw materials
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Detailed explanation-1: -It hampered Africa’s mercantilist economy by halting its capacity to be transformed into a capitalist economy. Moreover, it started the systemic and continuous process of economic exploitation and social and political fragmentation that Europeans later institutionalized through colonization and neocolonization.
Detailed explanation-2: -The Atlantic slave trade contributed to the activity of many provision and redistribution markets, and enabled the creation of large fortunes that were invested in highly diverse activities and forms of consumption.
Detailed explanation-3: -Although slavery was highly profitable, it had a negative impact on the southern economy. It impeded the development of industry and cities and contributed to high debts, soil exhaustion, and a lack of technological innovation.
Detailed explanation-4: -The major Atlantic slave-trading nations, in order of trade volume, were Portugal, Britain, Spain, France, the Netherlands, and Denmark. Several had established outposts on the African coast, where they purchased slaves from local African leaders.