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The increase in trade helped enlarge towns and cities in Europe because it gave the towns and cities an economic base upon which to grow. ... As trade grew, towns became more important. Towns became places where people could live and produce or gather goods to be traded. In many ways, the Triangle Trade was a major contributor to the economic growth of European nations. ... By supplying a seemingly endless source of slave labor to the American colonies, which were full of natural resources, European markets became flooded with raw materials and consumer goods.