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Scientifc Rev Explor
MWHB Unit 4 Exploration Terms
Term | Definition |
---|---|
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 |