Exploration and Worldwide Trade Flashcards
Plantation
a large estate or farm that used enslaved people or hired workers to grow and harvest crops
Cash crops
crops grown in large amounts to be sold for profit
Culture
the customs,learning, and art of a civilization
Resource
a ready supply of something valuable
Mercantilism
an economic theory that depends on a greater amount of exports than imports in order to increase a countrys supply of gold and silver
Commerce
an exchange of goods business
Entrepreneur
one who organizes, pays for, and takes on the risk of setting up a business
Method
a way of doing something;a process or procedure
Invest
to give money to a company in exchange for a return, or profit, on the money
Cottage Industry
a system for making goods in workers homes
Transform
to bring about a large and widespread change
