What is a colony?
A settlement of people living in a new territory, linked with the parent country by trade and direct government control.
What is my favorite quick meal?
Tacos,Rotel,Nachos
How did gold and silver imports affect Spain's economy?
Gold and Silver brought in money which equals wealth and led to inflation and stability.
What benefits did Portugal experience during the Age of Exploration?
They gained wealth and power by them controlling trade routes, and the establishment of Africa, Asia, and the south Americas.
How did the use of mercantilism strengthen the English?
Stockpiles of gold and silver, balance of trade from high tariffs and strict policies.
What's the middle passage?
The forced voyage of enslaved Africans across the Atlantic Ocean to the Americas.
What's my least favorite ice cream flavor?
Chocolate
During the commercial revolution where did mercantilism take place?
Mechanism helped keep a balance in trade and to gain access to valuable metals.
How did Portugal start such a beneficial trading empire?
They set up trading posts and controlled the key ports in India, spice islands also along the African coast.
What impact did the British east India have on the England's trade and influence?
The British East India company expanded England by controlling trade and markets in Asia which increased wealth and England's influence.
What's the balance of trade?
The difference in value between imports and exports.
Which would I choose TikTok or Instagram to watch on the daily?
TikTok
How did Spain benefit from the balance of trade in the 16th century?
Spain exported most of their goods, which helped keep up wealth and strengthened the economy from goods like gold and silver.
What role did Price Henry (navigator) play in Portugal's expansion?
He founded the explorations, created schools which gave them better influence as a whole.
How did joint stock company's financially help the English?
Investors pooled resources and put their money into the English exploration which limited financial risk.
What's subsidy?
Payment made to support an enterprise a government thinks is beneficial.
What's my favorite ice cream flavor?
Bubble gum/Vanilla
What did Spain do financially in the 1500's that helped them manage their wealth?
They invested in joint stock companies and banking systems.
What were some effects that the spice trade had on Portugal?
The spice trade increased wealth to Portugal and power in Europe.
How did England's government help businesses and exports?
They built roads and canals , and imposed tariffs on hard to find goods that helped local production.
What's a corporation?
A company authorized to be a legal entity apart from its owners.
What's my favorite candy?
Push pop suckers
How did Spain's colonial policies affect there access to gold and silver?
They focused on the extraction of the Americas, which led to them being more independent as an economy.
What were some additional advancements hat Portugal used in global trade?
The caravel, improvement in maps/navigation, which helped them with sea trade as well.
How did capitalism help shape England economically?
Private investing took place, trade, businesses grew due to supply.