Terms
Columbus returned in 1493 with goods, settlers, plants and animals, beginning vast global trade, called this.
What is the Columbian exchange?
Present day eastern United States for various reasons, including. Religious persecution, settlements and natural resources.
Who was England?
Corn.
Western hrmisphere
The period (1500s), In European history when inflation rise rapidly was known as this.
What was The price revolution?
He wrote the "true history" of early Spanish conquistadors in 1559.
Who was Bernal Diaz del Castillo?
The rise in prices due to the amount of money available.
What is inflation?
Brazil, for settlements and plantations.
Who was Portugal?
Coffee.
Eastern hemisphere?
In the Netherlands(1630), one of these cost twice as much as a still life painting of the same item by a Dutch master. 10,000 guilders. The average annual income was 150 guilders.
What was a tulip bulb?
The capital of the Aztec Empire.
What was Tenochtitlan?
People, who take on the risk of doing business. They are responsible for financial and daily operations.
Who are entrepreneurs?
Eastern Canada, to participate in the fur trade and fishing.
Who was France?
Typhus.
Eastern hemisphere?
This new economic system, where most businesses are privately owned, sprung out if the European price revolution.
What was capitalism?
Pirates that operated with approval of European government were called this.
What is privateers?
Taxes on imported goods.
What are tariffs?
Peru, to find gold.
Who was Spain?
Quinine
Western hemisphere?
Early European capitalists learned bookkeeping from these people
Who were the Arabs?
This valuable wood, used for expensive dyes, was illegally cut and stolen by French privateers.
What was brazilwood?
Economic policy Europeans adopted to establish colonies, limiting imports and increasing exports, to compete for trade and empire.
What is mercantilism?
Mexico, to find gold.
Who was Spain?
Oxen.
Eastern hemisphere
Developed in late medieval times, these companies allowed people to pool money needed for overseas adventures. They would gain profits if the company profits. They would only lose their initial investment if no profit was gained.
What are joint stock companies?
The French named it's claims in Canada this.
What is New France?