Legitimate Trade Lesson Objectives
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Questions and Answers

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?

  • 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?

  • Asian traders
  • American settlers
  • Local chiefs in Africa (correct)
  • European monarchs
  • What was the trust system in the Legitimate Trade based on?

    <p>Credit</p> Signup and view all the answers

    What sparked the development of the Legitimate Trade after the abolition of the transatlantic slave trade?

    <p>Industrial revolution in Europe</p> Signup and view all the answers

    Which agricultural produce from Africa was NOT commonly traded during the Legitimate Trade?

    <p>Cocoa</p> Signup and view all the answers

    What were some of the raw materials in high demand by Britain and other European countries?

    <p>Palm and groundnut</p> Signup and view all the answers

    What did African traders use to convey palm oil from the hinterlands to the coastal areas?

    <p>Canoes</p> Signup and view all the answers

    Who acted as middlemen buying palm oil cheap in the hinterlands and selling them to Europeans at high prices?

    <p>African chiefs</p> Signup and view all the answers

    Which European countries were represented in Nigeria by their home firms or companies?

    <p>Britain, France, Germany, Spain</p> Signup and view all the answers

    What did African traders acquire to aid in the transportation of palm oil?

    <p>Personnel and security</p> Signup and view all the answers

    What was the general system where African chiefs bought palm oil cheaply from the hinterlands and sold them at high prices to Europeans called?

    <p>Trust system</p> Signup and view all the answers

    What was the main commodity that the British concentrated on trading with the people of Nigerian territories?

    <p>Palm produce</p> Signup and view all the answers

    Which European group played a significant role in the colonization of Nigeria by focusing on evangelism?

    <p>Missionaries</p> Signup and view all the answers

    What was a major reason for the British to colonize Nigeria according to the text?

    <p>To access Nigeria's resources</p> Signup and view all the answers

    Who were the first group of European intruders in Nigerian hinterlands, primarily interested in scientific discoveries?

    <p>Explorers</p> Signup and view all the answers

    Which economic activity contributed significantly to the British decision to colonize Nigeria?

    <p>Industrialization</p> Signup and view all the answers

    What motivated the British to trade with the people of Nigerian territories?

    <p>To exploit raw materials and cheap labor</p> Signup and view all the answers

    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.

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