The Columbian Exchange and Global Trade

What was the large-scale transfer of foods, plants, and animals from Europe and Africa to the Americas called?

• The Columbian Exchange

• The Global Trade

• The Commercial Revolution

• The Mercantilism Movement

Which important foods were taken from the Americas to Europe, Africa, and Asia?

• Corn and potatoes

• Bananas and yams

• Cattle and pigs

• Black-eyed peas and horses

What economic system is based on private ownership of property and the right to earn a profit?

• Capitalism

• Mercantilism

• Joint-stock company

• Feudalism

What is a joint-stock company?

• A company where many investors pool their money to start a business and share in the profits

• A company owned by a single individual

• A company that only trades in stocks

• A company that is owned by the government

According to mercantilism, what increases a country’s wealth?

• Getting more gold and silver and selling more goods than it buys

• Increasing the population

• Expanding the territory

• Developing new technologies

What role did colonies play in mercantilism?

• They provided goods that could be sold in trade

• They were used to expand the territory

• They served as military bases

• They were places for religious freedom

How did the American colonies change European society?

• Merchants grew wealthy and powerful, and towns and cities grew larger

• Most people moved to the cities and became wealthy

• The countryside became more populated

• Farming became the main source of wealth