Unit 2 - Age Of Discovery

Question 0

Capital

Answer 0

Wealth in the form of assets owned by a person or organization.

Question 1

Treaty of Tordesillas

Answer 1

Signed at Tordesillas on June 7, 1494. Divided newly discovered land between Spain and Portugal along line that was located approximately halfway between the Cape Verde islands.

Question 2

4 G’s

Answer 2

Gold, glory, God, goods

Greed, guns?

Question 3

Commercial Revolution

Answer 3

13th Century to early 18th Century Europe, period of economic expansion, colonialism, and mercantilism.

Question 4

Bourgeoisie

Answer 4

The middle class; property owning class

Question 5

Mercantilism

Answer 5

Belief in the benefits of profitable trading (commercialism). Economic nationalism for purpose of building a wealthy and powerful state. Strict regulation of economy by government.

Question 6

Joint-stock company

Answer 6

Company where individuals own different stocks; partnership and corporation

Question 7

Colonies/mother country

Answer 7

Colony: an area under the political control of another country

Mother Country: country controlling the colony, usually from a distance

Question 8

Entrepreneur

Answer 8

Person who organizes a business, possibly taking on greater than normal financial risks in order to do so

Question 9

Capitalist

Answer 9

Country where companies that make or transport goods are owned by individual people and companies rather than by the government.

Question 10

Indigenous

Answer 10

Originating naturally in a particular place; native