The nature of the conquest was limiting and did not allow for economic diversity. The Atlantic Slave Trade was seen as a usable economic attempt, but it would not be viable, therefore it also would not be detrimental to the local economy following the ratification on the 13th amendment. Therefore, Euro-Afric relations were hostile afterwards. Due to economis shifts, plantation owners who specialized in a certain crops, became vulenarble to economic changes. Meanwhile in Spain, Potosi Mine experienced massive short-term economic success. In the mid-16th century, huge silver mines were found in Mexico and Peru, which instantly resulted in Spain becoming the largest supplier of silver in the world. The Spanish exported about 32 million pound of silver and 360,000 pounds of gold, in the first 150 years. They fueled global economy as well as transglobal trade, but as a result they became reliant on resources and limited other economic posibilities. In the mid-16th century, huge silver mines were found in Mexico and Peru, which instantly resulted in Spain becoming the largest supplier of silver in the …show more content…
The slave and sugar trade began to be known as the triangular trade because in North America, the English colonies were involved in it. Sugar was sold to Brazilians by the Portuguese. Brazilians then sold the sugar to New Englanders that made it into rum. New Englanders sailed across the atlantic to trade their liquor for enslaved Africans. Brazil, Africa, and the English Colonies in America, together completed the dots of the triangle.
Chinese tea and Arabian coffee became Europe’s new addiction, which urged a huge demand for sugar. The intake of sugar, by the 1800, in England increased from being 1650 to becoming 2,500 percent. Therefore, it’s concluded that addictive substances such as caffeine, sugar, tobacco, and alchohol where the reason to why the global trade thrived.
Sugar and slaves were the two primary items that led to the growth of the Atlantic commerce. The history of Atlantic trade is entangled from the history of slavery, and the transport of both workforce and capital across the Atlantic is closely attached to the making of sugar. The expansion of the sugar industry linked together technology and culture, which is considered one of the backbones of the new Atlantic