European Trade

Definition

This refers to the economic activities and exchanges that took place between Europe and other parts of the world, particularly during the Age of Exploration (15th-17th centuries). It involved goods, people (including slaves), and ideas.

Related terms

Mercantilism: An economic theory practiced by European powers during this period which held that a nation's wealth was determined by its supply of precious metals.

Columbian Exchange: The exchange of plants, animals, diseases, and technologies between the Americas and the rest of the world following Columbus's voyages.

Triangular Trade: A system of trade during the colonial era where Africa sent slaves to America; America sent raw materials to Europe; and Europe sent guns and rum to Africa.