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World History > Columbian Exchange > Flashcards

Columbian Exchange Flashcards

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1
Q

Economic system based on private ownership & the investment of resources for profit

A

Capitalism

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2
Q

Major aspect of capitalism - _____

A

Gov’t no longer sole owner of great wealth

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3
Q

Work like modern corporations

A

Joint-Stock Companies

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4
Q

Mercantilism

A

countries power depends on money and wealth

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5
Q

What did Mercantilism create?

A

Favorable Balance of Trade

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World History (16 decks)

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