Podcast
Questions and Answers
What was one of the major commodities traded during the Legitimate Trade?
What was one of the major commodities traded during the Legitimate Trade?
- Silver
- Ivory (correct)
- Diamonds
- Gold
In the Legitimate Trade, what was the system of exchange primarily used?
In the Legitimate Trade, what was the system of exchange primarily used?
- Monetary system
- Credit system
- Barter system (correct)
- Taxation system
Who served as middlemen or the merchant class supplying products to Europeans in the Legitimate Trade?
Who served as middlemen or the merchant class supplying products to Europeans in the Legitimate Trade?
- Asian traders
- American settlers
- Local chiefs in Africa (correct)
- European monarchs
What was the trust system in the Legitimate Trade based on?
What was the trust system in the Legitimate Trade based on?
What sparked the development of the Legitimate Trade after the abolition of the transatlantic slave trade?
What sparked the development of the Legitimate Trade after the abolition of the transatlantic slave trade?
Which agricultural produce from Africa was NOT commonly traded during the Legitimate Trade?
Which agricultural produce from Africa was NOT commonly traded during the Legitimate Trade?
What were some of the raw materials in high demand by Britain and other European countries?
What were some of the raw materials in high demand by Britain and other European countries?
What did African traders use to convey palm oil from the hinterlands to the coastal areas?
What did African traders use to convey palm oil from the hinterlands to the coastal areas?
Who acted as middlemen buying palm oil cheap in the hinterlands and selling them to Europeans at high prices?
Who acted as middlemen buying palm oil cheap in the hinterlands and selling them to Europeans at high prices?
Which European countries were represented in Nigeria by their home firms or companies?
Which European countries were represented in Nigeria by their home firms or companies?
What did African traders acquire to aid in the transportation of palm oil?
What did African traders acquire to aid in the transportation of palm oil?
What was the general system where African chiefs bought palm oil cheaply from the hinterlands and sold them at high prices to Europeans called?
What was the general system where African chiefs bought palm oil cheaply from the hinterlands and sold them at high prices to Europeans called?
What was the main commodity that the British concentrated on trading with the people of Nigerian territories?
What was the main commodity that the British concentrated on trading with the people of Nigerian territories?
Which European group played a significant role in the colonization of Nigeria by focusing on evangelism?
Which European group played a significant role in the colonization of Nigeria by focusing on evangelism?
What was a major reason for the British to colonize Nigeria according to the text?
What was a major reason for the British to colonize Nigeria according to the text?
Who were the first group of European intruders in Nigerian hinterlands, primarily interested in scientific discoveries?
Who were the first group of European intruders in Nigerian hinterlands, primarily interested in scientific discoveries?
Which economic activity contributed significantly to the British decision to colonize Nigeria?
Which economic activity contributed significantly to the British decision to colonize Nigeria?
What motivated the British to trade with the people of Nigerian territories?
What motivated the British to trade with the people of Nigerian territories?
Study Notes
Legitimate Trade
- Palm oil was a major commodity traded.
- The Legitimate Trade primarily used a system of exchange based on barter.
- African traders served as middlemen, supplying products to Europeans.
- Trust was based on personal relationships and shared interests.
- The abolition of the transatlantic slave trade sparked its development.
- Coffee was not commonly traded during the Legitimate Trade.
- Raw materials in high demand included palm oil, rubber, and timber.
- African traders used canoes to transport palm oil.
- African chiefs acted as middlemen, buying palm oil cheaply and selling it at higher prices to Europeans.
- British, French, and German companies were represented in Nigeria.
- African traders acquired canoes and other transportation tools.
- This system of acquiring palm oil cheaply and selling it at higher prices was called "middleman trade."
- The British mainly focused on trading palm oil.
- Missionaries, particularly the Church Missionary Society (CMS), played a significant role.
- The British colonized Nigeria for its economic opportunities.
- Explorers were the first European intruders in the hinterlands.
- The lucrative palm oil trade significantly contributed to British colonization.
- Economic interests primarily motivated British trade with Nigerian territories.
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Description
Learn about Legitimate Trade, its origin, commodities traded, and features. Explore how the Legitimate Trade was established in the 19th century, focusing on raw materials from Africa. Discover the connection between Legitimate Trade and commodity trading post abolition of transatlantic slave trade.
