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Chp 3 Sec 5

QuestionAnswer
a vast global exchange of goods, people, plants, and animals that began with Columbus and profoundly affected the world Columbian Exchange
a rise in prices that is linked to a sharp increase in the amount of money available inflation
the period in European history during the 1500s when inflation rose rapidly price revolution
an economic system in which most businesses are owned privately capitalism
a person who takes on financial risks to make profits entrepreneur
an economic policy in which it was believed that a nation must export more goods than it imports to build its supply of gold and silver mercantilism
a tax on an imported good tariff
voyages of exploration in the 1500s and 1600s led to a period of European domination of the globe
Created by: fosterwiygul
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