Asked by caleb
How did European consumerism lead to the financial success of the Triangle Trade?
The Europeans' desire for the luxuries produced by slaves made the slave trade very profitable.
Consumerism caused Europeans to buy more Indian and Asian goods than they could use.
When Europeans learned that slaves were used to produce the goods they bought, they stopped buying.
European consumers first wanted cotton cloth and sugar, and then they wanted their own slaves.
All Answers 1
Answered by
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"The Europeans' desire for the luxuries produced by slaves made the slave trade very profitable."
Explanation: European demand for sugar, tobacco, cotton, rum and other colonial goods created huge markets. Plantations in the Americas needed large, cheap labor forces, so African slave labor became essential. European merchants profited by trading manufactured goods to Africa for enslaved people, shipping them to the Americas, and bringing colonial products back to Europe — the triangular route that generated large profits because of consumers' appetite for those luxury goods.
Explanation: European demand for sugar, tobacco, cotton, rum and other colonial goods created huge markets. Plantations in the Americas needed large, cheap labor forces, so African slave labor became essential. European merchants profited by trading manufactured goods to Africa for enslaved people, shipping them to the Americas, and bringing colonial products back to Europe — the triangular route that generated large profits because of consumers' appetite for those luxury goods.
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