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Unformatted text preview: to ports all over the world, the shipmasters of Massachusetts Bay laid the foundation for a trade that was to grow steadily in importance. By the end of the colonial period, one-third of all vessels under the British flag were built in New England. Fish, ship's stores, and woodenware swelled the exports. New England merchants and shippers soon discovered that rum and slaves were profitable commodities . One of their most enterprising if unsavory trading practices of the time was the "triangular trade." Traders would purchase slaves off the coast of Africa for New England rum, then sell the slaves in the West Indies where they would buy molasses to bring home for sale to the local rum producers....
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- Fall '10