USA HISTORY

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: -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-3: -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.

Detailed explanation-4: -Indigo was a prized commodity, and the knowledge of how to grow the plants, extract the dye, and use the dye came to the Americas with African slaves.

Detailed explanation-5: -The upshot: As cotton became the backbone of the Southern economy, slavery drove impressive profits. The benefits of cotton produced by enslaved workers extended to industries beyond the South. In the North and Great Britain, cotton mills hummed, while the financial and shipping industries also saw gains.