Trans-Atlantic TRADE [APUSH Unit 2 Topic 4] 2.4
Trade and the Transatlantic Economy
Introduction to the Transatlantic Trade
- The video discusses Unit Two of the AP US History curriculum, focusing on trade from 1607 to 1754, particularly the causes and effects of transatlantic trade.
- The late 17th and early 18th centuries marked a shift towards global trade, leading to the development of a transatlantic economy.
Understanding Triangular Trade
- The triangular trade involved merchant ships following a three-part journey that formed a triangle between New England, West Africa, and the British West Indies.
- Ships would transport rum from New England to West Africa in exchange for enslaved laborers, who were then transported via the brutal Middle Passage.
Conditions of Enslavement
- A famous diagram illustrates the horrific conditions endured by enslaved Africans during their journey across the Atlantic; this was later reformed by British Parliament's Slave Trade Act in 1788.
- The act limited how many enslaved individuals could be packed into ships, highlighting previous inhumane practices.
Economic Principles: Mercantilism
- Mercantilism dominated European economic thought at this time; it posited that wealth was finite and measured primarily in gold and silver.
- Nations aimed for a favorable balance of trade—exporting more than importing—to maximize their share of wealth.
Colonial Impact and Consumer Revolution
- Colonies provided raw materials unavailable in Europe while also serving as markets for manufactured goods. This led to increased interdependence between Britain and its colonies through Navigation Acts.
- The transatlantic trade generated significant wealth for elites (merchants, investors), transforming American seaports into urban centers.
Societal Changes Due to Trade
- This economic boom initiated a consumer revolution where societal status shifted from family lineage to financial success and lifestyle choices.
- Individuals gained respect based on material possessions rather than heritage, indicating profound changes in social structures due to mercantilist policies.
Conclusion