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Age of Exploration

Unit 32

TermDefinition
cartography the science and art of making maps
colonies a territory, often very large, under the political and economic control of another country
detrimental something that does harm or damage
epidemics an outbreak of a contagious disease that spreads quickly and over a wide geographic area
inflation a rise in prices, often due an increase in the supply of money
capitalism an economic system based on investment of money for profit
market economy an economy in which prices are determined by the buying and selling decisions of individuals in the marketplace
cottage industry a small-scale business in which people produce goods at home
mercantilism an economic policy by which nations try to gather wealth by establishing colonies and controlling trade
policy an overall plan, especially of a government
Created by: mchester919