IMPACTS OF TRADE (SYSTEM OF EXCHANGE) BETWEEN AFRICA AND EUROPE DURING THE 15TH CENTURY
1. The trade led to stagnation of African technology simply because Africans who were skillful and knowledgeable were taken as slaves to offer their labour in big plantations and mining established by European absentee owners in America during the 15thC.
2. The Trade also led to exploitation of African natural resources such as minerals, raw materials etc was taken specifically for the development of European nations.
3. It led to destruction of African culture and introduction of European culture in Africa because it was during this contact African way of living, Europeans destroyed dressing style, marriage, Etc. as Africans began to imitate what Europeans brought to African societies.
4. Trade contact led to fall and rise of some African states. African states which existed before the contact between Africa and Europe during the 15thC collapsed like western sudanic states (Ghana, Songhai.etc.) while some other African states like Dahomey emerged due to the fact that their leaders and prosperity of the state depended on the triangular slave trade.
5. Trade lead to the collapse of African trade that existed before the 15thC hence led to underdevelopment of African continent and development of European nations simply because it was that trade that culminated the situation for European development in all aspects (socially, economically and politically) and African underdevelopment in all aspects.
6. The Contact paved way for African colonization simply because this trade is the one which led to the influx of agents of colonialism such as trades, missionaries and explorers started their colonial ambition in Africa to explore the potential areas such as agricultural areas, mineral areas, lakes (water bodies) etc. hence colonialism.