Triangular Trade

Vocabulary• Export• Import• Mercantilism• Natural resources• Raw material• Manufactured goods

Mercantilism• The idea that a nation should

try to build up wealth (GOLD and SILVER)by exporting more than it imports.

• Colonies are created to provide natural resources and raw materials to the parent country.

• The colonies could only trade with its parent country, so that all wealth would go to the parent country.

Triangular Trade

• A pattern of trade developed between England, the 13 Colonies, Africa, and the West Indies.– Colonies provide Raw Materials to parent country– Parent country makes manufactured good from raw

materials– Manufactured goods shipped to markets around the world

including the colonies.

Transatlantic Slave Trade• The portion of Triangular Trade carrying

slaves from Africa to the Caribbean and the Colonies was known as the Middle Passage.

• During the journey, slaves experienced Cruel treatment, poor sanitary conditions, starvation, disease, and overcrowding.

• “...two of my wearied countrymen who

were chained together, preferring death

to such a life of misery, somehow made

through the nettings and jumped into the

sea...” Olaudah Equiano

Navigation Laws (1650-1763)

• 13 Colonies could only trade with England on English ships and must pass through English ports.

• If the Colonies traded with another country there were extra taxes added on to the price.

• The Colonies could make more money if they traded with other countries.

• Many Colonial merchants would often illegally trade (smuggle)with other countries.