Globalization (Exploration, Columbian Exchange, Slave trade)

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a good or service brought into a country from another

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import

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A good or service produced in the home country and sold in another country.

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export

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A trade practice wherein nations make money by exporting more and importing less.

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mercantilism

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Increasing power, influence, and control over other areas; building an empire

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imperialism

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the activity of buying and selling, especially on a large scale or in distant places

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commerce

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A market in which there are many buyers but only one seller (seller has little or no competition)

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monopoly

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The widespread transfer of animals, plants, diseases, people, ideas, and culture from the Old World to the New World

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Columbian Exchange

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One of the Spanish soldiers who conquered Mexico, Peru, and other parts of America in the 16th century.

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conquistador

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a settlement of people living in a new territory controlled by their home country

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colony

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a system for producing and distributing goods, and services to fulfill people's wants

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economy