Question

What is meant by triangular trade what led to its development peasants and farmers?

Answer 1

Triangular trade or is a historical term indicating trade among three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. Europeans rediscovered spices, silks, and other rare commodities in Europe. This development created a new desire for trade, and trade expanded in the second half of the Middle Ages.