Unit 3 Flashcards
Mercantilism
Idea during age of exploration that world’s money was like a pie and you needed to take as mush as you could. Focus on silver/gold, Colonies for resources to support parent and exports over imports.
Treaty of Tordesillas
In age of exploration separated Portugal’s and Spanish line of influence to avoid more fighting.
Price revolution
Especially in Spain, lots of inflation because of an abundance in gold from the new world. Helps Spain become a lower power.
Henry the Navigator
For Portugal, created schools for navigation and went to the tip of Africa. Helped set up navigation for future trade for Portugal.
Encomienda
System the Spanish used to put Natives into labor for resources
Vasco da Gama
For Portugal, first to sail from Europe to India by rounding Africa’s Cape of Good Hope
Caravel
Invention of a triangle sail to help boats sail faster while caring more goods.