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ch. 33

Terms

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cottage industry
a small-scale business in which people work mostly at home
mercantilism
an economic policy by which nations try to gather as much gold and silver as possible by controlling trade and established colonies
longitude
a measure of how far east or west a place on Earth is from an imaginary line that runs between the North and South poles
market economy
an economy in which prices are dtermined by the buying and selling decisions of individuals in the marketplace
circumnavigate
to travel completely around something, such as Earth
northwest passage
a water route through North America connecting the Atlantic and Pacific Oceans
epidemic
an outbreak of a disease that affects many people within a geographic area
caravel
a light sailing ship that is easy to maneuver and can sail in shallow water, has triangular sails
plantation
a large farm where crops such as sugar, rubber, or tobacco are grown
latitude
a measure of how far north or south a place on Earth is from the equator
inflation
an increase in the supply of money compared to goods, resulting in higher prices
"New World"
the name given by Europeans to the AMericas, which were unknown in Europe before the voyages of Christopher Columbus
cartography
the art and science of mapmaking
explorer
a person who travelsto unfamiliar places in order to learn what they are like and to describe them with words, pictures, and maps
capitalism
an economic system based on investment of money (capital) for profit
impact
a lasting effect
colony
a country or an area ruled by another country
strait
a narrow body of water that connects two seas

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