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Lets say that I make carriages and you sell wheat. We want to trade. We agree on a price, or a ratio of 100 bags of wheat for one carriage. We shake hands and swap stuff. Later, I want some more of that wheat, cause I ate mine all up, and go back to you and say, "Need another carriage?". "Nope, one is enough", you reply.
"You don't need what I've got, but I do need what you have, and I'm hungry. I'll give you two carriages, no three, no FOUR carriages for a hundred bags of wheat."
Wow, my carriages have really lost value, cause you don't want what I have to offer.
Our friend Charlie needs a new carriage. Charlie has a berry patch. I don't like berries, I like bread.
So the three of us get together, and we talk, and agree on this: Charlie buys my carriage, gives you 200 bags of berries and you give me 100 bags of wheat.
By adding a third trader, our trade now looks like a triangle, everyone's needs are met, and notice that the value of my work went back up from 25 bags of wheat for a single carriage to 100 bags per carriage.
Imagine how we could meet needs if we had four or five people in on a big swap. Wow, that could be complicated. We would spend all our time trying to make deals and not be growing wheat or picking berries. We should create a money system!
Wiki User
∙ 12y ago
Wiki User
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Small but profitable trade route that linked New England Africa and the west indies?
triangular trade
What moved from America to Europe in the Triangular Trade?
So they can win the war
How did the triangular trade affect the Colonial Planters?
The triangular trade affected colonial planters in a detrimental way. The triangular trade directed their products to South America, where prices were undercut.
Most inhuman aspect of the triangular trade was the?
The most inhuman part of the triangular trade was the middle passage, in which slaves were carried from Africa to the New World.
What is represented by triangular trade?
Triangular trade was a three-stage pattern of atlanic trade that carried goods and enslaved people between Europe, Africa, and the Americas.
Small but profitable trade route that linked new England Africa and the?
Triangular Trade
Small but profitable trade route that linked New England Africa and the west indies?
triangular trade
Describe the Small but profitable trade route that linked New England colonies Africa and the west indies?
triangular trade
First leg of triangular trade?
It's when America gave sugar, tobacco, and cotton to Europe. And so the process of the triangular trade could continue.
Where did sugar come from in triangular trade?
Sugar was produced in the Caribbean colonies, especially in places like Jamaica, Barbados, and Haiti, where sugar plantations were established using enslaved African labor. The sugar was then exported to Europe as part of the triangular trade system, where it was in high demand and profitable.
What was each leg of the triangular trade known as?
The triangular trade route
Who benifited the most from the triangular trade?
European colonial powers like Britain, France, and Portugal benefited the most from the triangular trade. They gained immense wealth through the trade of enslaved Africans, raw materials, and finished goods between Europe, Africa, and the Americas.
Why was triangle trade so important?
The reason why the triangular trade was so important is beacause of what happend during the time of what was going on.
What moved from America to Europe in the Triangular Trade?
So they can win the war
What was the Purpose of the Triangular Trade?
The purpose of the Triangular trade route was so that Africa, American Colonies, and England could exchange their resources for slaves, gunpowder, weapons, and even crops.
What was brought in the triangular trade?
Sugar, molasses, other crops, and slaves were traded in the Triangular Trade.
Which continents were involved in the triangular trade?
The triangular trade was bettween North America, Europe, and Africa.
