The exploitation of slave trade is possible to meet the growing demand in European markets for sugar coffee and indigo. – Explain the context.
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it made possible by bringing more no. of trades of them by bringing more slaves
Explanation:
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The cotton was sent to Europe where it was made into textiles. Then, in exchange for more slaves, the textiles were transported to Africa.
Explanation:
- To the detriment of African societies, whose ability to transform their modes of production into a viable entrepreneurial economy was severely halted, the Europeans, on the other hand, reaped the greatest benefits from the Atlantic trade because it allowed them to accumulate the raw materials that fed the Industrial Revolution.
- Slave labour was used to produce sugar, coffee, and indigo to satisfy the rising demand in European markets.
- India's cotton and silk were much sought after in Europe. Additionally in high demand were Indian spices including cinnamon, cardamom, cloves, and pepper. Trading firms in Europe were searching for new markets where they could purchase items at lower costs and resell them in Europe for greater prices.
Thus, the Atlantic slave trade fueled the development of several provisioning and redistribution markets and allowed for the accumulation of substantial wealth that was used to finance a wide range of endeavors and consumption patterns.
Learn more on the growing demand for European markets for sugar, coffee and indigo
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Learn more on the trade and commerce relationship between India and Europe
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