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