Colonial trade

Definition

Colonial trade refers to the exchange of goods and resources between the American colonies (controlled by Britain) and other nations or regions during the colonial period. It encompassed both exports from the colonies, such as raw materials like tobacco and timber, as well as imports of manufactured goods from Britain.

Related terms

Triangular Trade: Triangular Trade was a three-way trading system between Europe (including Britain), Africa, and the American colonies. It involved the exchange of goods, including slaves, across the Atlantic Ocean.

Middle Passage: The Middle Passage refers to the brutal journey endured by enslaved Africans during their transportation from Africa to the Americas as part of the transatlantic slave trade.

Mercantile System: The mercantile system was an economic policy prevalent during colonial times that emphasized maximizing exports while minimizing imports. It played a significant role in shaping colonial trade patterns.