Age of Exploration
Terms
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- 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 thatn they bought
- Incas
- Ancient civilization (1200-1500AD) that was located in the Andes in Peru
- Middle Passage
- Middle section of the triangular trade in which enslaved Africans were beought by ship to the Americas
- Economy
- System by which goods and services are produced and distributed to meet people's needs
- Balance of Trade
- Difference in value between what a nation imports and what it exports over a period of time
- Colony
- A land controlled by another nation
- Domestic System
- Early industrial labor system in which workers produced goods at home
- Circumnavigation
- Sailing completely around something, such as the world
- Columbian Exchange
- The global transfer of plants, animals, and diseases that occurred during the European colonization of the americas
- Export
- Sell to other countries
- Aztecs
- Ancient civilization (1200-1521AD) that was located in what is present-day Mexico City
- Cartographer
- Person who makes maps
- Import
- Buy from other countries
- 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
- Dividends
- Profits paid to investors
- Joint-Stock Company
- A business in which investors pool their wealth for a common purpose, then share the profits
- Commerce
- Buying or selling of goods in large amounts over long distances
- Conquistador
- A Spanish conqueror or soldier in the Americas