3.2 A World Economy: The VOC and WIC

Question 1

Baltic Trade

Answer 1

Trade of luxury products in exchange for grain and wood between the Dutch Republic and countries around the Baltic Sea

Question 2

Commercial centre

Answer 2

Place where goods from all over the world were stored and sold throughout Europe

Question 3

VOC

Answer 3

Dutch East India Company: trading company which sailed to the East Indies and traded in spices and silk

Question 4

Monopoly

Answer 4

Being the only company that has the right to trade in a certain product

Question 5

Shares

Answer 5

Represents parts of a company

Question 6

Multinational

Answer 6

Company that is represented in many locations around the world

Question 7

Governor-General

Answer 7

Person who looked after the large trading network

Question 8

Intra-Asian Trade

Answer 8

Trading network between Japan, India and the East-Indies

Question 9

WIC

Answer 9

Tarding company which sailed to the West-Indies and traded in slaves

Question 10

Privateering

Answer 10

Capturing and destroying of enemy ships