Absolutism Flashcards
Define favorable balance of trade
While trading you export (sell) more than you import (buy)
Define divine right
The belief that the king is God’s representative on earth. The power of the king is equal to God
Define autocrat
An absolute ruler, especially a monarch who holds and exercises the powers of government as by inherent right, who rules alone.
Define Huguenot
A French Protestant
Define Heretic
A non-believer, esp concerning religion. Someone whose beliefs differ from the accepted beliefs of a society or group
Define Deficit spending
When a government’s expenditures exceed its revenues. This excess spending needs to be financed through borrowing, likely from foreign governments.
Define Regent
A person who exercises the ruling power in a kingdom during the minority, absence, or disability of the sovereign.
Define Capitalism
An economic system based on the private ownership of resources and property. Businesses are privately owned to make a profit.
What was the Spanish Inquisition?
The institution that guarded the supremacy of Catholicism in Spain, chiefly by the persecution of Jews and Muslims, esp from the 15th to 17th centuries.
Define Economics
A social science that studies how people use their resources to meet their needs.
Define Mercantilism
An economic system where in order to build up the nation’s treasury, a nation takes colonies and gains a favorable balance trade.
Who is the Pope?
The leader of the Catholic Church.
Define Bankrupt
Declared by law unable to pay outstanding debts.
Define Westernize
To modernize. This was the policy of Peter the Great of Russia
Define Czar
The title of a Russian monarch. It comes from the Roman title for their emperors, Casesar.
Define Boyar
A Russian noble
Identify Versailles
Palace built by Louis XIV outside Paris on a swamp. This palace set the standard for luxury for future European Monarchs to copy