Economic Interaction Between Europe And Africa

962 WordsMar 31, 20164 Pages
From 1650-1914, economic interaction in the Atlantic Basin stayed the same in that Europe remained dominant over trade while economic interaction in the Atlantic Basin changed in that the slave trade decreased and the trade of raw materials and manufactured goods increased. Economic interaction in the Atlantic Basin stayed the same in that Europe remained dominant over trade. Europe started economic interaction in the Atlantic Basin. The beginning of European dominance over trade began in the Atlantic Basin during the Age of Exploration when searching for trade routes (specifically to Asia) was a main priority. European exploration in the Atlantic Basin began with Prince Henry of Portugal; he sponsored a series of voyages down the West African coast. As Portugal was sailing around Africa to get to Asia, they would set up trading ports all along the coast of Africa. This is caused economic interaction between Europe and Africa. In doing this, Portugal alienated trade and created monopolies, making them a huge economic power. Economic interaction with Europe and America began around the same time. It started when Christopher Columbus discovered the New world in 1492. The effect of this was that this exploration made trade possible between Europe and the Americas and Africa. This caused for economic interaction in all of the Atlantic Basin. As a result of this economic interaction, the Columbian Exchange occurred. The Columbian exchange is the exchange of goods, ideas,
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