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Mrs Gundalach

Chapter 2

QuestionAnswer
Encomenda A system in which spainish colonists were given land and Native Americans to care for , in return for the Native Americans labor or tribute
Cash Crop A crop grown mainly to sell not for personal use
Viceroy A governor of several countries or provences who rules as the representitive of a monarch
Joint-stock company A group of investors who share both risk and profit
Capitalism An economic system based on the investment of money in businesses for profit
Mercantilism An economic system that stresses increaseing national wealth by selling more to other nations than buying from them
Middle Passage The second leg of th tiangle trade rout in which slaves where shiped across the alantic
Investor A person who puts money in a company, hoping to make a profit
Circumnavigate To sail completely around a land mass or earth
Balance of trade The difference in value between a countries imports and its exports over a long period of time
Indigenous Occurring naturally in a reagion
Triangular trade A trading system involving a three-way exchange of goods and people amonge Europe, Africa, and the Americas
Ambassador A diplomatic official of the highest rank appointed and accredited as representative in residence by one government or sovereign to another, usually for a specific length of time.
Navigation The theory and practice of navigating, especially the charting of a course for a ship
Commodity An article of trade or commerce, especially an agricultural or mining product that can be processed and resold.
Shareholder An investor who provides a company w/ money
Created by: ldono11
 

 



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