Term
| How much a producer makes of something |
|
Definition
|
|
Term
| How many people want something for a given price |
|
Definition
|
|
Term
| A general and progressive increase in prices |
|
Definition
|
|
Term
| List of duties imposed by a government on imported/exported goods |
|
Definition
|
|
Term
| Good or service brought IN to a country |
|
Definition
|
|
Term
| Good or service that LEAVES a country |
|
Definition
|
|
Term
| Body of people living in a new territory but retaining ties with the parent state |
|
Definition
|
|
Term
| Difference in value between what a nation imports and what it exports |
|
Definition
| Favorable Balance of Trade |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Credited for conquering the Aztecs |
|
Definition
|
|
Term
| Credited for conquering the Incas |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Grant of native labor given to the Spaniards as a reward for their part in the conquest of Incas |
|
Definition
|
|
Term
| The extensive exchange of plants and animals between the new and old worlds that changed economic activity in both |
|
Definition
|
|
Term
| Trade between Africa, Americas, and Europe |
|
Definition
|
|
Term
| Why didn't the Spanish simply use Native American workers instead of African slaves? |
|
Definition
| Many Natives died from diseases and were weak |
|
|
Term
| Impacts of the slave trade(4) |
|
Definition
No population growth
Effects on individuals and families
Some countries grew strong and rich, others declined
Increased violence and warfare |
|
|
Term
| Explain the triangular trade route. Example of mercantilism? |
|
Definition
European goods to Africa for slaves
Slaves traded to Americas by Europeans
Colonial products from Americas to Europe. Trading for something better or needed more. |
|
|
Term
| Discuss how slaves were obtained. |
|
Definition
| Europeans relied on African rulers to obtain slaves. They traded them weapons, textiles, metals, rum, tobacco, gun powder... for the slaves |
|
|
Term
| Why were the Spanish able to conquer the American civilizations?(4) |
|
Definition
Military technology
Disease
Civil war between Natives
World's end |
|
|
Term
| Identify mercantilism. Discuss the ultimate goal of merchantilist nations and how that goal is achieved. |
|
Definition
| Economic system of major trading nations. Based on premise that national wealth/power were best served by increasing exports and collecting precious metals. Main goal is to get as much gold as possible, and is achieved by exporting more than they import |
|
|
