Colonial settlements: Colonial settlements were towns or villages established by European settlers in overseas territories for economic, political, or religious purposes.
Mercantilism: Mercantilism was an economic system where colonies existed to benefit the mother country by providing raw materials and serving as markets for finished goods.
Triangular trade: Triangular trade refers to a network of trade routes connecting Europe, Africa, and the Americas during which goods such as slaves, raw materials, and manufactured products were exchanged.