Ch 14

Question 1

Joint Stock company

Answer 1

A company or association that raises capital by selling shares to individuals who receive dividend on their investment while a board of directors runs the company

Question 2

Triangular trade

Answer 2

A pattern of trade in early modern Europe that connected Europe, Africa, and the americas in the Atlantic economy

Question 3

Price revolution

Answer 3

The dramatic rise in prices that occurred throughout Europe in the sixteenth and early seventeenth centuries

Question 4

Encomienda

Answer 4

A form of economic and social organization in which a spaniard was was given a royal grant that enabled the holder of the grant to collect tribute from the Indians and use them as laborers

Question 5

Columbian exchange

Answer 5

The reciprocal importation and exportation of plants and animals between Europe and the Americas

Question 6

Middle passage

Answer 6

The journey of slaves from Africa to the Americas as the middle leg of the triangular trade

Question 7

Viceroy

Answer 7

The administrative head of the provinces of new Spain and Peru in the Americas

Question 8

Conquistadors

Answer 8

“Conquerors”. Leaders in the Spanish conquests in the Americas, especially Mexico and Peru, in the sixteenth century

Question 9

Mercantilism

Answer 9

An economic theory that held that a nation’s prosperity depended on its supply of gold and silver and that the total volume of trade is unchangeable. Encourage imports and discourage exports