Lesson 38 Vocabulary

an economic system based on investment of money for profit

• inflation

• colonies

• capitalism

• cartography

a small-scale business in which people produce goods at home

• Age of exploration

• inflation

• cartography

• cottage industry

an economic policy by which nations try to gather wealth by establishing colonies and controlling trade

• inflation

• colonies

• mercantilism

• epidemics

a territory, often very large, under the political and economic control of another country

• market economy

• colonies

• mercantalism

• cartography

an outbreak of a contagious disease that spreads quickly and over a wide geographic area

• epidemics

• cottage industry

• inflation

• colonies

an economy in which prices are determined by the buying and selling decisions of individuals in the marketplace

• Age of exploration

• inflation

• colony

• market economy

a period of European exploration and discovery that lasted from about 1418 to 1620

• Renaissance

• Age of Exploration

• Enlightenment

• Scientific Revolution

the science and art of making maps

• capitalism

• cartography

• inflation

• mercantilism