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Explorations
| Question | Answer |
|---|---|
| cartography | The art and science of map making |
| caravel | A light sailing ship that is easy to maneuver and can sail in shallow water |
| monarchy | a form of government with one person in charge. It is passed down to the heir. |
| lateen sails | a triangular sail on a long yard at an angle of 45 degrees to the mast |
| astrolabe | an instrument used to make astronomical measurement in navigation for calculating latitude |
| compass | An instrument with a magnetized pointer which shows direction of magnetic north and directions from it |
| capitalism | an economic system based on investment of money (capital) for profit. Example: King Ferdinand and Queen Isabella |
| market economy | an economy in which prices are determined by the buying and selling decisions of individuals in the market place. Esample: Law of supply and demand |
| cottage industry | a small scale business in which people work mostly at home. Example: Mom and Pop business |
| mercantilism | an economic policy by which nations try to gather as much gold and silver as possible by controlling trade and establishing colonies. Example: gold and silver: Spain and Portugal and Colonization: Europe |