Triangle Trade: A historical pattern of transatlantic trade routes involving Europe, Africa, and the Americas. It included the exchange of goods such as slaves, raw materials (sugar, tobacco), manufactured goods (textiles), and cultural influences.
Commercial Revolution: A period of European economic expansion from the 16th to 18th centuries when there was an increase in overseas trade and colonization. This revolution transformed business practices and led to advancements in banking systems.
World Systems Theory: A sociological theory developed by Immanuel Wallerstein that explains how global economic relationships maintain hierarchies with core nations dominating peripheral ones through exploitative trade relationships.