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Triangular trade
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Triangular trade, or Triangle trade, is a historical term indicating trade among three ports or regions. The trade evolved where a region had an export commodity that was required in the region from which its major imports came. Triangular trade thus provided a mechanism for rectifying trade imbalances.
The Transatlantic Triangular Trade operated during the 17th, 18th and early 19th centuries, carrying slaves, cash crops, and manufactured goods between West Africa, the Caribbean or American colonies and the European colonial powers, with the northern colonies of British North America, especially New England, sometimes taking over the role of Europe.
Atlantic triangular trade
African slaves were elementary to run the colonial cash crop economy, the products of which were in turn exported to Europe.
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Triangular trade, or Triangle trade, is a historical term indicating trade among three ports or regions. The trade evolved where a region had an export commodity that was required in the region from which its major imports came. Triangular trade thus provided a mechanism for rectifying trade imbalances.
The Transatlantic Triangular Trade operated during the 17th, 18th and early 19th centuries, carrying slaves, cash crops, and manufactured goods between West Africa, the Caribbean or American colonies and the European colonial powers, with the northern colonies of British North America, especially New England, sometimes taking over the role of Europe.
Atlantic triangular trade
African slaves were elementary to run the colonial cash crop economy, the products of which were in turn exported to Europe. European goods, in turn, were used to purchase African slaves, which were then brought on the sea lane west from Africa to the Americas, the so called middle passage.
A classic example would be the trade of sugar (often in its liquid form, molasses) from the Caribbean to Europe or New England, where it was distilled into rum, some of which was then used to purchase new slaves in West Africa.
The trade represented a profitable enterprise for merchants and investors. The business was risky, competitive and severe, but enslaved Africans fetched a high price at auctions, making the trade in human cargo a lucrative business .
The first leg of the triangle was from a European port to Africa, in which ships carried supplies for sale and trade, such as copper, cloth, trinkets,slave beads, guns and ammunition. When the slave ship arrived, its cargo would be sold or bartered for slaves, who were tightly packed like any other cargo to maximize profits.
On the second leg, ships made the journey of the Middle Passage from Africa to the New World. Once the slave ship reached the New World, enslaved survivors were sold in the Caribbean or the Americas.
The ships were then prepared to get them thoroughly cleaned, drained, and loaded with export goods for a return voyage, the third leg, to their home port. From the West Indies the main export cargoes were sugar, rum, and molasses; from Virginia, commodities were tobacco and hemp. The ship then returned to Europe to complete the triangle.
However, because of several disadvantages that slave ships faced compared to other trade ships, they often returned to their home port carrying whatever goods were readily available in the Americas and filled up a large part or all of their capacity with ballast. Other disadvantages include the different form of the ships (to carry as many humans as possible, but not ideal to carry a maximum amount of produce) and the variations in the duration of a slave voyage, making it practically impossible to pre-schedule appointments in the Americas, which meant that slave ships oftenly arrived in the Americas out-of-season. Instead, the cash crops were transported mainly by a separate fleet which only sailed from Europe to the Americas and back. It is therefore important to note that the Triangular trade is a trade model, not an exact description of the ships route.
New England
New England also benefited from the trade, as many merchants were from New England, especially Rhode Island, replacing the role of Europe in the triangle. New England also made rum from the Caribbean sugar and molasses, which it shipped to Africa as well as within the New World. Yet, the 'triangle trade' as considered in relation to New England was a piecemeal operation. No New England traders are known to have completed a full sequential circuit of the triangle, which took a calendar year on average, according to historian Clifford Shipton, after years of sifting through New England shipping records, could not find a single instance of a ship completing the full triangle as described The concept of the New England Triangular trade was first suggested, inconclusively, in an 1866 book by George H. Moore, was picked up in 1872 by historian George C. Mason, and reached full consideration from a lecture in 1887 by American businessman and historian William B. Weeden.
Other triangular trades
The term "triangular trade" also refers to a variety of other trades:
- A trade pattern which evolved before the American Revolutionary War between Great Britain, the colonies of British North America, and British colonies in the Caribbean. This typically involved exporting raw resources such as fish (especially salt cod) or agricultural produce from British North American colonies to feed slaves and planters in the West Indies (also lumber); sugar and molasses from the Caribbean; and various manufactured commodities from Great Britain.
- The "Indian Ocean Triangle" or "Double Triangle" involved dhows with Arab and sometimes Somali crews, who traveled to Basra, Bombay/Mumbai and Mombassa on the outward passage and returned to Dar-es-Salaam, Karachi and Aden. The above were known as the "Six Ports" to those involved in the trade. The origins of this trade route go back to medieval times. It was still thriving in the 1960s.
External links
- , a portal to data concerning the history of the triangular trade of transatlantic slave trade voyages.
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