The triangular trade of the colonial American shipping industry

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The triangular trade of the colonial American shipping industry involved the trading of rum for African slaves and slaves for molasses. This trade route was mainly between New England, Africa, and the Caribbean. It was a profitable business for many merchants involved in the trade, and it played a significant role in the growth of the American economy. The trade allowed New England to acquire molasses, which was essential in the production of rum, and then trade the rum for slaves in Africa. These slaves were then sold in the Caribbean for molasses, which was then sent back to New England to continue the cycle.

The Triangular Trade of the Colonial American Shipping Industry