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Age of Exploration

Terms

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circumnavigation
sailing completely around something, such as the world
Triangular trade
the transatlantic trading network along which slaves and other goods were carried between Africa, England, Europe, the West Indies, and the colonies in the Americas
balance of trade
differnce in value between what a nation imports and what it exports over a period of time
conquistador
a spanish "conqueror" or soldier in the Americas
export
sell to other countries
mercantilism
an economic policy under which nations sought to increase their wealth and power by obtaining large amounts of gold and silver and by selling more goods than they bought
Aztecs
ancient civilization (1200-1521AD) that was located in what is present-day Mexico city
colony
a land controlled by another nation
joint-stock company
a busniess in which investors pool their wealth for a common purpose, then share the profits
import
Buy from other countries
Incas
ancient civilization (1200-1500AD) that was located in the Andes in Peru
Middle Passage
middle section of the triangular trade in which ensalved Africans were beought by ship to the Americans
cartographer
person who makes maps
economy
system by which goods and services are produced and distributed to meet people's needs
domestic system
early industrial labor system in which workers produced goods at home
Columbian Exchange
the global transfer of plants, animals, and diseases that occurred during the Euopean colonization of the Americas
dividends
profits paid to investors
commerce
buying or selling of goods in large amounts over long distances

Deck Info

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