A rise in prices that is linked to a sharp increase in the amount of money available.
What is inflation?
100
An economic system aimed at strengthening national economies. Its practitioners believed that a nation's real worth was measured in its gold and silver treasure.
What is mercantilism?
200
The period in European history when inflation rose rapidly.
What is the price revolution?
300
An economic system in which most businesses are owned privately.
What is capitalism?
400
People who take on financial risk to make profits.
What are entrepreneurs?
500
A vast global exchange that would profoundly affect the world, this exchange began with Columbus, hence its name.