Trans-Atlantic trade

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Trans-Atlantic trade is different from Trans-Atlantic slave trade it simply means the integration of African, Asian and Latin American economies to European economy through the medium of transnational corporations in the 19th and 20th century. In many parts of the world this trade has considerably weakened many historic long distance trade like the famous Silk road trade in Asia trade or Trans-Sahara trade routes in Africa. Most of the products traded in Trans-Atlantic were made in Europe. The transnational corporations based in developing countries created distribution channels of finished products. Trans-Atlantic trade also include export of raw material to Europe for manufacturing purposes.

Transatlantic relations

Transatlantic relations refer to the historic, cultural, political, economic and social relations between countries on both side of the Atlantic Ocean. Sometimes it specifically means those between the United States, Canada and the countries in Europe, although other meanings are possible.

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Diaspora dispersion of ethnic communities

A diaspora (/daɪˈæspərə/) is a scattered population whose origin lies in a separate geographic locale. In particular, diaspora has come to refer to involuntary mass dispersions of a population from its indigenous territories, most notably the expulsion of Jews from the Land of Israel and the fleeing of Greeks after the fall of Constantinople. Other examples are the African transatlantic slave trade, the southern Chinese or Indians during the coolie trade, the Irish during and after the Irish Famine, the Romani from India, the Italian diaspora, the exile and deportation of Circassians, and the emigration of Anglo-Saxon warriors and their families after the Norman Conquest of England.

The Dutch East India Company was an early megacorporation founded by a government-directed amalgamation of several rival Dutch trading companies (voorcompagnieën) in the early 17th century. It was established on March 20, 1602 as a chartered company to trade with India and Indianised Southeast Asian countries when the Dutch government granted it a 21-year monopoly on the Dutch spice trade. It has been often labelled a trading company or sometimes a shipping company. However, VOC was in fact a proto-conglomerate company, diversifying into multiple commercial and industrial activities such as international trade, shipbuilding, and both production and trade of East Indian spices, Formosan sugarcane, and South African wine. The Company was a transcontinental employer and an early pioneer of outward foreign direct investment. The Company's investment projects helped raise the commercial and industrial potential of many underdeveloped or undeveloped regions of the world in the early modern period. In the early 1600s, by widely issuing bonds and shares of stock to the general public, VOC became the world's first formally-listed public company. In other words, it was the first corporation to be listed on an official stock exchange. It was influential in the rise of corporate-led globalisation in the early modern period.

Atlantic slave trade slave trade across the Atlantic Ocean between the 16th and 19th centuries

The Atlantic slave trade or transatlantic slave trade involved the transportation by slave traders of enslaved African people, mainly to the Americas. The slave trade regularly used the triangular trade route and its Middle Passage, and existed from the 16th to the 19th centuries. The vast majority of those who were enslaved and transported in the transatlantic slave trade were people from central and western Africa, who had been sold by other West Africans to Western European slave traders, who brought them to the Americas. The South Atlantic and Caribbean economies especially were dependent on the supply of secure labour for the production of commodity crops, making goods and clothing to sell in Europe. This was crucial to those western European countries which, in the late 17th and 18th centuries, were vying with each other to create overseas empires.

Multinational corporation large corporation doing business in many countries

A multinational corporation (MNC) or worldwide enterprise is a corporate organization which owns or controls production of goods or services in at least one country other than its home country. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation if it derives 25% or more of its revenue from out-of-home-country operations. A multinational corporation can also be referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation, or a stateless corporation. There are subtle but real differences between these three labels, as well as multinational corporation and worldwide enterprise.

Spice trade

The spice trade refers to the trade between historical civilizations in Asia, Northeast Africa and Europe. Spices such as cinnamon, cassia, cardamom, ginger, pepper, and turmeric were known and used in antiquity for commerce in the Eastern World. These spices found their way into the Middle East before the beginning of the Christian era, where the true sources of these spices were withheld by the traders and associated with fantastic tales. Early writings and stone age carvings of neolithic age obtained indicates that India's southwest coastal port Muziris, in Kerala, had established itself as a major spice trade centre from as early as 3000 BC, which marked the beginning of the spice trade. Kerala, referred to as the land of spices or as the "Spice Garden of India", was the place traders and explorers wanted to reach, including Christopher Columbus, Vasco da Gama, and others.

Columbian exchange Biological exchange across Atlantic Ocean

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Economic history of Africa

The earliest humans were hunter gatherers who were living in small, family groupings. Even then there was considerable trade that could cover long distances. Archaeologists have found that evidence of trade in luxury items like precious metals and shells across the entirety of the continent.

Slave Coast of West Africa

The Slave Coast is a historical name formerly used for parts of coastal West Africa along the Bight of Benin. The name is derived from the region's history as a major source of African slaves during the Atlantic slave trade from the early 16th century to the late 19th century. Other nearby coastal regions historically known by their prime colonial export are the Gold Coast, the Ivory Coast, and the Pepper Coast.

Trans-Saharan trade requires travel across the Sahara to reach sub-Saharan Africa from the North African coast, Europe, to the Levant. While existing from prehistoric times, the peak of trade extended from the 8th century until the early 17th century.

Core countries

In world systems theory, the core countries are the industrialized capitalist countries on which periphery countries and semi-periphery countries depend. Core countries control and benefit from the global market. They are usually recognized as wealthy nations with a wide variety of resources and are in a favorable location compared to other states. They have strong state institutions, a powerful military and powerful global political alliances.

World-systems theory multidisciplinary, macro-scale approach to world history and social change that stresses that the world-system should be the primary unit of social analysis

World-systems theory is a multidisciplinary, macro-scale approach to world history and social change which emphasizes the world-system as the primary unit of social analysis.

Transnationalism is a social phenomenon and scholarly research agenda grown out of the heightened interconnectivity between people and the receding economic and social significance of boundaries among nation states.

Regional integration

Regional Integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio-political and security objectives, as defined by national governments. Regional integration has been organized either via supranational institutional structures or through intergovernmental decision-making, or a combination of both.

Colonialism is a major feature of the economic history of Nigeria. Britain eventually gained control of Nigerian administration. After independence, the Nigerian economy seemed very promising. Many saw Nigeria, with 15% of Africa's population, as an emerging economy. However, this potential never materialized. A series of unfortunate political and economic events have stalled Nigerian growth. The country still plays an important economic role in the world, especially as a producer of fossil fuels.

The Atlantic World comprises the interactions among the peoples and empires bordering the Atlantic Ocean rim from the beginning of the Age of Discovery to the early 21st century. Atlantic history is split between three different contexts. transatlantic history, meaning the international history of the atlantic world, circum-atlantic history meaning the transnational history of the atlantic world, and cis-atlantic history within an atlantic context. The Atlantic slave trade continued into the 19th century, but the international trade was largely outlawed in 1807 by Britain. Slavery ended in 1865 in the United States and in the 1880s in Brazil (1888) and Cuba (1886). While some scholars stress that the history of the "Atlantic world" culminates in the "Atlantic Revolutions" of the late 18th century and early 19th century, the most influential research in the field examines the slave trade and the study of slavery, thus a late-ninetennth century terminus as part of the transition from Atlantic history to globalization seems most appropriate.

Slavery in Africa

Slavery has historically been widespread in Africa, and still continues today in some countries.

History of globalization aspect of history

The historical origins of globalization are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era, others regard it as a phenomenon with a long history. Some authors have argued that stretching the beginning of globalization far back in time renders the concept wholly inoperative and useless for political analysis.

Peter Dicken British geographer

Peter Dicken is an economic geographer whose research is primarily focused on the processes and patterns associated with globalisation. He joined the University of Manchester in 1966 following the successful completion of his MA from the same institution. He is currently an Emeritus Professor at the same university to which he has dedicated his academic life, continuing his research on global patterns of business and globalisation. His self-described area of research is:

Proto-globalization or early modern globalization is a period of the history of globalization roughly spanning the years between 1600 and 1800, following the period of archaic globalization. First introduced by historians A. G. Hopkins and Christopher Bayly, the term describes the phase of increasing trade links and cultural exchange that characterized the period immediately preceding the advent of so-called "modern globalization" in the 19th century.

The history of the Dutch economy has faced several ups and downs throughout the 16th and 17th centuries. It has undergone moments of prosperity and was once noted as one of the most dominant world powers in the 17th Century. It was heavily involved in the Atlantic Trade that had a large impact on its economy and growth. There is no clear definition for the Atlantic Trade, but researchers have concluded it may be referred to as: Trade with the New World, and trade with Asia through the Atlantic including, but not limited to, imperialism and slavery based undertakings. Among the most important of these traders were the Dutch and the British. It is noted that these two nations experienced a more rapid growth than most due to their non-absolutist political institutions. This is only one of many benefactors that played a large role in the shaping in the growth and economic change within the Netherlands that occurred throughout the 16th and 17th Centuries.