Chap 20 Part 4 Flashcards
What was the Colombian exchange and global trade?
Global transfer of foods, plants and animals during colonization of the Americas
Why did business across Europe grow and flourish?
Overseas colonization and trade
What is inflation?
Increased money supply increased demand for goods
What were joint stock companies?
Investors bought establishments of overseas colonies
What was mercantilism?
Get as much of gold and silver as possible
What were the two steps of mercantilism?
Obtain lots of gold and sugar and sell more goods than you buy
What role did colonies play in mercantilism?
Provided silver and gold, provided raw materials which then would become manufactured goods after the trade
How does economic revolution change European society?
Towns grew, rise of merchants, increased wealth of nations
Where did the onion come from?
The old world
Where did carrots come from?
The old world
Where did the Llama come from?
The new world
Where did garlic come from?
The old world
Where did vanilla come from?
New world
Where did corn come from?
New world
Where did rats come from?
Old world
Where did chili peppers come from?
New world
Where did tomatoes come from?
New world
