These are the terms we will be discussing for the next 2 weeks

Terms for this unit:

exploration – traveling to new territories for the purpose of discovery

colony – a settlement ruled by a distant country

migration – movement from one region to another

mercantilism – economic policy where colonies serve as a source of raw materials to increase the wealth and maintain a favorable balance of trade for the “mother” country

free enterprise system – market system where people have freedom as consumers and producers

cash crop – a crop that is sold for money

representative government – political system where policies are created by representatives selected by the people

monarchy – a government where the ruler inherits the leadership role

industry – economic activity that involves the making of a particular product

 

Related Terms:

Compact-a signed agreement that is legally binding

Agriculture-the art and science of cultivating land for growing crops and raising livestock

Columbian Exchange–the transfer of plants, animals, disease, and technology between the Old World from which Columbus came and the New World which he found. 

Conquistadors-any of the leaders in the Spanish conquest of America, especially Mexico and Peru

missionaries–a person sent on a religious mission.

charter–a grant or guarantee of rights and powers, usually from a state or country. 

indentured servant-working for someone without pay for a certain number of years to pay off a debt

slave trade– the capturing, selling, and buying of enslaved persons. 

markets–where buyers and sellers can meet to exchange goods and services.