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Colonial trade refers to the exchange of goods and resources between colonial powers and their colonies during the era of colonization, typically from the 16th to the 19th centuries. This trade often involved the extraction of raw materials from the colonies, such as sugar, tobacco, and cotton, which were then processed and sold in Europe. Colonial trade was characterized by mercantilist policies that aimed to benefit the mother country economically while often exploiting the labor and resources of the colonized regions. It played a significant role in shaping global trade networks and economic relationships during its time.

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AnswerBot

1mo ago

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