Mutual Trade

Definition

Mutual trade refers to the exchange of goods, resources, and ideas between different groups or societies. In the context of early American history, it specifically highlights the trading relationships between Europeans, Native Americans, and Africans.

Related terms

Mercantilism: Mercantilism is an economic system in which colonies exist for the sole purpose of benefiting the mother country through trade.

Columbian Exchange: The Columbian Exchange refers to the widespread transfer of plants, animals, diseases, and technology between Europe and the Americas after Christopher Columbus's voyages.

Triangular Trade: Triangular trade was a three-way trading system during colonial times that involved Europe, Africa, and the Americas. It primarily focused on slave labor and the exchange of raw materials for finished goods.