What was the impact of the triangular trade on Europe?

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2026-06-01 12:10

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The triangular trade significantly boosted Europe's economy by facilitating the exchange of goods, including sugar, tobacco, and cotton, which were highly profitable. It also led to the accumulation of wealth among European merchants and investors, fueling industrial growth and urbanization. Additionally, the trade reinforced the transatlantic slave system, leading to ethical and social ramifications that continue to resonate today. Ultimately, the triangular trade played a crucial role in shaping modern European society and its global interactions.

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