Respuesta :
The South Atlantic economic system centered on making goods and clothing to sell in Europe and increasing the numbers of African slaves brought to the New World. This was crucial to those European countries who, in the late seventeenth and eighteenth centuries, were vying in creating overseas empires.
The slave trade was important in the development of the wider economy - financial, commercial, legal and insurance institutions all emerged to support the activities of the slave trade. Some merchants became bankers and many new businesses were financed by profits made from slave-trading.
The slave trade was important in the development of the wider economy - financial, commercial, legal and insurance institutions all emerged to support the activities of the slave trade. Some merchants became bankers and many new businesses were financed by profits made from slave-trading.
