How did the trans-Atlantic slave trade help to develop modern capitalism? (1 point)
A. • The transatlantic slave trade helped to create the Indian Ocean trade network.
B. • The transatlantic slave trade led to the Portuguese discovery of a route to India around Africa.
C. • The first multinational corporation was created to control the transatlantic slave trade.
D. • The transatlantic slave trade was based on the economic principle of supply and demand.
C. • The first multinational corporation was created to control the transatlantic slave trade.
C. • The first multinational corporation was created to control the transatlantic slave trade.
To determine how the trans-Atlantic slave trade helped develop modern capitalism, we need to look at each answer choice and analyze its relevance to the topic.
A. The transatlantic slave trade did not directly create the Indian Ocean trade network. The Indian Ocean trade network predates the trans-Atlantic slave trade and was driven by the exchange of goods, ideas, and culture among multiple regions, including Africa, Asia, and Europe. While the slave trade did contribute to the movement of people across the Indian Ocean, it did not play a significant role in developing modern capitalism.
B. The slave trade did lead to the Portuguese discovery of a route to India around Africa. However, this specific discovery does not directly relate to the development of modern capitalism. It was primarily driven by the desire to establish direct trade connections with Asian markets, bypassing the Islamic-controlled land routes. While this discovery had economic implications, it is not directly tied to the development of modern capitalism.
C. The creation of the first multinational corporation to control the transatlantic slave trade does have a direct correlation with the development of modern capitalism. The Dutch West India Company, established in 1621, was one such corporation that played a significant role in organizing and profiting from the Atlantic slave trade. This marked a shift towards corporate entities exerting control over global trade, which is a fundamental aspect of modern capitalism.
D. The transatlantic slave trade was indeed based on the economic principle of supply and demand. African slaves were forcibly taken to the Americas to meet the labor demands of European colonial plantations and mines. The trade was driven by the sugar, tobacco, and cotton industries, which were lucrative and fueled by the demand for these commodities. The exploitation of enslaved labor contributed to the accumulation of wealth, expanding markets, and fostering capitalist practices.
Based on the analysis above, the correct answer is C. The creation of the first multinational corporation to control the transatlantic slave trade played a crucial role in the development of modern capitalism. However, it is worth noting that the slave trade as a whole had multifaceted and complex impacts on various aspects of economic, social, and political development.