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 then they bought
- cartographer
- person who makes maps
- joint-stock company
- a business in which investors pool their wealth for a common purpose, then share the profits
- Middle Passage
- middle section of the triangular trade in which enslaved Africans we brought by ship to the Americas
- imports
- buy from other countries
- aztecs
- ancient civilization (1200-1521AD)that was located in what is present -day mexico city
- exports
- sell to other countries
- economy
- system by which goods and services are produced and distributed to meet people's needs
- dividends
- profits paid to investors
- 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 indes, and the colonies in the americas
- colony
- a land controlled by another nation
- balance of trade
- difference in value between what a nation imports and what it exports over a period of time
- domestics system
- early industrial labor system in which workers produced goods at home
- commerce
- buying or selling of goods in large amounts over long distances
- conquistador
- a spanish "conqueror"or soldier in the americas
- incas
- ancient civilization (1200-1500AD) that was located in the andes in peru
- Columbian Exchange
- global transfer of plants, animals, and diseases that occurred during European colonization of the Americas