Impact of Transatlantic Trade on Colonial Economies

Medium Period 2: 1607–1754 Transatlantic Trade

In the early years of colonial settlement, transatlantic trade played a vital role in establishing economic relations between Europe and the American colonies. The mercantilist policies of European powers led to the exploitation of colonial resources and the establishment of complex trade routes.

One significant aspect of this trade was the transportation of enslaved Africans to the colonies, which became an integral part of the economic system. In this context, which of the following statements best reflects the nature and impact of transatlantic trade on the British colonies in North America during the period from 1607 to 1754?

Transatlantic trade primarily focused on transporting European goods to Africa, with little impact on colonial economies.

The transatlantic trade network facilitated the growth of plantation economies in the southern colonies, relying heavily on slave labor.

Transatlantic trade was insignificant during this period and did not contribute to the development of distinct colonial economies.

The establishment of transatlantic trade networks increased competition among European powers, diminishing the colonial economy's dependency on trade.

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