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International Trade

Question
CBSEENGE12024463

What do you know about slave trade ?

Solution
Slave trade:
(i) Fifteenth century onwards, the European colonialism began and along with the trade of exotic commodities, a new form of trade emerged which was called slave trade.
(ii) The Portuguese, Dutch, Spaniards, and British captured African natives and forcefully transported them to the newly discovered Americas for their labour in the plantations.
(iii) Slave trade was a lucrative business for more than two hundred years till it was abolished in Denmark in 1792, Great Britain in 1807 and United States in 1808.