Africa's resources were depleted and given to the American Colonies, which hurts their economy up to this day. Also, South America's natural resources were depleted (ie: Aztec gold) which hurt their economy as well. There's probably many more effects but heres one
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1) Southerners complained that their economy was crippled by the Embargo Acts Tariff of 1828. The “Tariff Act of 1828”, also called the “Tariff of Abominations” by Southern states since they saw this act as a menace to their economy. With the passing of this act, the south had to pay higher prices for the goods they did not manufacture and at the same time they had problems to sell their good (cotton) to their main buyer, Great Britain.
2) The South Carolina politician that became known as the “Father of Nullification” was “John C. Calhoun”. John C. Calhoun was a Southern politician that strongly disagreed with the tariff act of 1828 and advocated for its nullification. At the time of the passing of the act John C. Calhoun was the US vice president.
3) The Nullification Crisis ended when the “Congress” passed a bill to “reduce” the tariff. In 1833 the congress passed the “Compromise Tariff of 1833” and this ended the Nullification Crisis as South Carolina accepted the act.
Answer:
Europeans profited from precious metals discovered in the New World.
Explanation:
The triangular trade was common in Europe during the colonies time and it consisted in trades on three different parts of the world, in the European part they´d send finished goods, like mirrors, sugar, textiles, or other products and they´d exchange them for slaves, that later would be traded in America for primary goods, like cotton, sugar canes or precious metals, that then´ would be traded back to Europe.
Explanation:
Compare and contrast the South,West and central Asia in terms of their attire, Accessories/crafts, architectures or sculptures.