Age Of Exploration and Econ Flashcards
0
Q
Columbian exchange
A
Cultural and Econ diffusion of practices and goods across Atlantic
1
Q
Treaty of Tordesillas 1494
A
Divided world In half for exploration
2
Q
Commercial Revolution
A
Econ result of exploration and colonization
- price revolution
3
Q
Capitalism
A
- Due to decline of guild system
- Putting-out system
4
Q
Joint stock companies
A
Dutch and British East India Companies.
Monopoly status from govt charter
5
Q
Mercantilism
A
- Scarcity: resources and wealth is limited
- wealth = hard money: promote exports via trade monopoly
- govt intervention
6
Q
Nobles of the Robe
A
Middle class buying an office Resented by old Nobles of the Sword
7
Q
Serfdom
A
Abolished in the west
Highly codified in the east
