Topic 11- New Global Connections (1415-1796)

the global exchange of goods, ideas, plants and animals, and disease that began with Columbus' exploration of the Americas

• Columbian Exchange
• inflation
• price revolution
• capitalism

economic cycle that involves a rapid rise in prices linked to a sharp increase in the amount of money available

• inflation
• price revolution
• capitalism
• entrepreneur

period in European history when inflation rose rapidly

• price revolution
• capitalism
• entrepreneur
• free enterprise system

economic system in which the means of production are privately owned and operated for profit

• capitalism
• entrepreneur
• free enterprise system
• mercantilism

person who assumes financial risk in the hope of making a profit

• entrepreneur
• free enterprise system
• mercantilism
• tariff

system where businesses are privately owned and economic decisions are made between buyers and sellers based on supply and demand

• free enterprise system
• mercantilism
• tariff
• Commercial Revolution

policy by which a nation sought to export more than it imported in order to build its supply of gold and silver

• mercantilism
• tariff
• Commercial Revolution
• Line of Demarcation

a tax on imported goods

• tariff
• Commercial Revolution
• Line of Demarcation
• cartographer

set by the Treaty of Tordesillas dividing the non-European world into two zones, one controlled by Spain and the other by Portugal

• Line of Demarcation
• cartographer
• Goa
• Magellan

a person who makes maps

• cartographer
• Goa
• Magellan
• Moluccas