. The story of American democracy, political and industrial . An American Merchant Ship, of the typeknown as tall-masted or deep-sea going. Commerce 162 COLONIAL LIFE. houses, offices, wharves, and fleets of tall-masted ships onevery sea, and agents or correspondents in all parts of theCircles of world. One favorite circle of exchange was theexchange three-cornered route: (1) New England mer-chants carried rum to Africa, to exchange for Negro slaves;(2) these they sold largely in the West Indies for sugar; and (3) this sugar theybrought home, to makeinto more rum withwhich to buy moreslaves. A
. The story of American democracy, political and industrial . An American Merchant Ship, of the typeknown as tall-masted or deep-sea going. Commerce 162 COLONIAL LIFE. houses, offices, wharves, and fleets of tall-masted ships onevery sea, and agents or correspondents in all parts of theCircles of world. One favorite circle of exchange was theexchange three-cornered route: (1) New England mer-chants carried rum to Africa, to exchange for Negro slaves;(2) these they sold largely in the West Indies for sugar; and (3) this sugar theybrought home, to makeinto more rum withwhich to buy moreslaves. All the colonies im-ported their better gradesof clothing and of othermanufactures from Eng-land. The southernplanters dealt throughagents in England, towhom they consignedtheir tobacco. For theother colonies the circleof exchange was a triflemore complex. Theyimported from Englandmore than they soldthere. But they sold tothe West Indies morethan they bought, re-ceiving the balance in money, — mainly French and Spanishcoins, — with which they settled the balances against themin England. This drain of coin to England was incessant through thewhole colonial pe
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Keywords: ., bookcentury1900, bookdecade1920, bookidstoryofameri, bookyear1922
