SECTION 4 - THE COLUMBIAN EXCHANGE Flashcards
1
Q
COLUMBIAN EXCHANGE
A
Global transfer of foods, plants, and animals during the
colonization of the Americas
2
Q
CAPITALISM
A
Economic system based on private ownership and the investment of wealth
for profit
3
Q
JOINT-STOCK COMPANY
A
Company in which people pooled their wealth for a common
purpose
4
Q
MERCANTILISM
A
Economic policy of increasing wealth and power by obtaining large
amounts of gold and silver and selling more goods than are bought
5
Q
FAVORABLE BALANCE OF TRADE
A
Condition resulting from selling more goods than are
bought
