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Scientifc Rev Explor

MWHB Unit 4 Exploration Terms

TermDefinition
Capitalism economic system where individuals own the factors of production and operate businesses for a profit
Amerigo Vespucci Italian cartographer, sailed for Spain, realized the Americas were the new world and not India
Columbian exchange transfer of people, animals, plants, technologies, and diseases between the old world and the new world.
Ferdinand Magellan credited with being the first to circumnavigate the world (sailed for Spain, was actually from Portugal)
commercial economy economy where money is stored and used for profit through the issuance of loans – often a capitalist economy
Colonization the action or process of settling among and establishing control over the indigenous people of an area.
Tariff tax on imported goods, used to discourage people from buying foreign products
Monopoly the exclusive possession or control of the supply or trade in a commodity or service.
middle passage transportation of slaves across the Atlantic Ocean from Africa to the Americas
slave coast area from the Gold coast to the mouth of the Niger River
Balance of trade amount of exports compared to the amount of imports a nation has
Triangular trade trade between europe, africa and the americas that developed during the 17th and 18th centuries
Christopher Columbus Italian navigator, hired by Spain to find a route to India, found the New World, thought it was India
Treaty of Tordesillas settlement made by the Pope between Spain and Portugal, Spain would explore and colonize west of the Line of Demarcation, Portugal would go east.
Samuel de Champlain 1567-1635 French Explorer credited with discovering Quebec and mapping the Great Lakes for France
Jacques Cartier 1491-1577 discovered Canada for the French, mapped the St. Lawrence River
Francisco Pizzaro 1476-1541 conquered the Inca for Spain
Hernan Cortes 1485 1547 conquered the Aztecs for Spain
Bartholomew Dias 1450-1500 sailed for Portugal, went to the southern tip of Africa, Cape of Good Hope
Vasco de Gama 1460-1524 sailed for Portugal, found a route around the southern tip of Africa to India
Commercial Revolution 16th- 18th century European expansion of trade, involving colonization, mercantilism and capitalism
Economic Interdependence countries with economies that are dependent on each other
Usury loaning of money to make money through interest
Mercantilism economic system built on collection of gold and silver by a government and having a favorable balance of trade
Joint-stock Companies Private individuals pooled their money together to fund trade voyages, in order to make a profit – early capitalism
Created by: amygilstrap7