Before the Europeans came over to Africa, they had a slave trade. Africans in power, such as kings, would capture other Africans and enslave them, especially if they were from a tribe they were fighting. When the Europeans came over, the African kings started to trade these captured people for technology, like guns. The Europeans would them put them onto miserable ships and they would be brought over to America.
<span>The mercantilist system provided several benefits for the colonists. Some British preferred to have ships from the colonies instead of other British competitors. The colonists, especially those in Virginia, had a strong monopoly of tobacco in the colonies. Protection was also freely provided to the colonist due to the presence of the British red coats.</span>
There is an agreement of price and quantity in the market therefore all market forces stabilized and reached a price that consumers are willing to pay for goods and producers a price at which they are willing to produce in order to make a profit
