HISTORY
NEW GLOBAL CONNECTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It gave them more workers
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It didn’t benefit them
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Their shipbuilders earned more profit for providing ships during the triangular trade
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None of the above
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Detailed explanation-1: -Other trade variations included agricultural produce, fish and wine. One of the consequences of this new economic development was a huge growth of rum-making distilleries in Massachusetts and Rhode Island. It also gave a push to other industries, such as shipbuilding to carry goods to longer distances such as Africa.
Detailed explanation-2: -Answer and Explanation: The side that benefitted most from the Triangular Trade routes was Europe. Traveling to the western coast of Africa, European traders exchanged European weapons for slaves.
Detailed explanation-3: -The slave trade was a major part of economic growth in Britain’s North American colonies. New England merchants were involved in the trade in West Indian sugar and rum, as well as contributing to the commerce of slavery in shipbuilding and other crafts.
Detailed explanation-4: -The triangle of trade The use of slave labour made it cheaper for Europeans to purchase goods like sugar and tobacco – which in turn increased demand for the goods. Production to meet this demand grew to such an extent that the southern United States was sometimes referred to as ‘plantation America’.
Detailed explanation-5: -British industry benefited by supplying factory-made goods in exchange for enslaved people. Profits made in the slave trade provided money for investment in British industry. Banks and insurance companies which offered services to slave merchants expanded and made cities such as London very wealthy.