Global Trade Patterns From 1750 To 1750

Global trade patterns have changed greatly from 1750 to the present. Certain regions have gained and lost their importance to the world wide economy. This shift in trade from the Indian Ocean to the Atlantic, and finally to the Pacific highlights how different factors influence the demand for different goods. By 1750 the Triangular trade had reached its high point in the Atlantic Ocean. The trade of manufactured goods from Europe to Africa, slaves from Africa to Latin America and raw materials from Latin America to Europe characterized the focus of the economy of the time. The great importance of Latin American cash crops and mineral deposits led to Europe to concentrate on obtaining only raw materials from its colonies there. This prevented the heavy

By 1750, imperialistic powers had begun to seize control of many regions through South and Southeast Asia. India fell under control of the British East India company and later became a British colony. Many other areas fell under the control of the Dutch and other European powers. These areas were exploited as sources of raw materials and a place to send European manufactured goods. As in Latin America, few industries rose in Southeast Asia and India. Around World Wars I and II, struggles for independence began there too. When India finally did gain independence, it went through the same problem as Latin America and the rest of Southeast Asia. India’s cotton industry had been destroyed by the flow of cheap British manufactured textiles and the government held monopolies on many trade goods such as salt. Gandhi had supported the limited Westernization of India and the revival of its past industries. The Third World status of many Southeastern nations is beginning to change as trade shifts into the Pacific Ocean. and the Asian Tigers continue to gain power and