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North America, Europe, and Africa.
What else can I help you with?
What is the exchange of goods without using money?
This is called the barter system.
What is Netherlands economic system?
The Netherlands economic system is known as an open economy that mostly depends on foreign trade. It is a mixed economy which is regulate by the government as well as private entrepreneurs.
A suitable substitute used for trade is known as?
A suitable substitute for trade is known as fiat money.
How did Adam smith believe the economic system known as mercantilism limited potential growth?
It limited the choices that producers and consumers could make when choosing trade partners.
Why does the use of money contribute to economic efficiency?
The use of money increases economic efficiency because without it, we would be a barter system. In a barter system, if I want potatoes, and have oranges to trade, the person with the potatoes has to want oranges to be willing to trade with me. With the use of money, I can give him a known amount of value in money, which he can buy what he wants to with.
What was each leg of the triangular trade known as?
The triangular trade route
The second leg of the triangle trade was know as the?
The second leg of the triangle trade was known as the Transportation of Slaves. This involved the forced migration of African slaves to the Americas to work on plantations. This leg of the trade was a crucial and brutal aspect of the triangular trade system.
The triangular trade was an example of trading some good for other good is the name generally you used for this kind of trade is?
The triangular trade was a historical trading system where goods (such as slaves, sugar, and rum) were exchanged between Europe, Africa, and the Americas. This type of trade is commonly known as a "triangular trade" due to the triangular route taken by ships moving between the three continents.
The pattern of overseas trade developed by New England merchants is known as the triangular trade?
True.
What trade between three continents or parts?
The tri-continental trade network between Europe, Africa, and the Americas during the 16th to 19th centuries involved the exchange of goods such as European firearms, African slaves, and American crops like sugar and tobacco. This trade system, known as the "Atlantic triangular trade," had a profound impact on the economies and societies of these regions.
What cargo was carried on what is known as the middle passage of the triangular trade?
The middle passage, part of the Triangular Trade, carried slaves from Africa to America.
What is the second leg in triangular trade?
The second leg of the triangular trade involved the transportation of enslaved Africans from Africa to the Americas. This was known as the Middle Passage, where these individuals were forced into brutal and inhumane conditions aboard ships for the journey across the Atlantic Ocean.
What is a trade between three continents or ports?
A trade route that connects three continents or ports is known as a triangular trade. This historical trade pattern often involved the exchange of goods, people, and culture between Europe, Africa, and the Americas. Each leg of the triangle involved the transportation of different commodities and resources, shaping global economies and societies.
What is the triangular passage?
The triangular passage, also known as the triangular trade route, refers to a historical trade network that connected Europe, Africa, and the Americas during the 16th to 19th centuries. This route facilitated the exchange of goods, such as textiles and rum from Europe, enslaved people from Africa, and raw materials like sugar, tobacco, and cotton from the Americas. The triangular passage played a significant role in the development of the transatlantic slave trade and had lasting economic and social impacts on all three regions involved.
The journey of slaves from Africa to North America was known as the Middle Passage. Why was it known by this name?
It was the middle part of the triangular trade route.
The leg of the triangular trade route in which enslaved africans were shipped to west indies was known as?
The Middle Passage
What was the exchan ge of plant and animal life between the old and new worlds known as?
Triangular trade
