AP World History - 4.5 Key Terms

Dahomey

West African kingdom that became strong through its rulers' exploitation of the slave trade.

Syncretism

a blending of beliefs and practices from different religions into one faith

Join-Stock Companies

a company whose stock is owned jointly by the shareholders.

Polygyny

having more than one wife at a time

Price Revolution

period in European history when inflation rose rapidly

Viceroys

representatives of the Spanish monarch in Spain's colonial empire

Capital

the account used to summarize the owner's equity in a business

Oyo

yoruban city-state; had a king who used nobles in provinces. secret society of Ogboni checked the king's power

Commercial Revolution

A dramatic change in the economy of Europe at the end of the Middle Ages. It is characterized by an increase in towns and trade, the use of banks and credit, and the establishment of guilds to regulate quality and price.

Limited Liability

A form of business ownership in which the owners are liable only up to the amount of their individual investments.

Monopoly

A market in which there are many buyers but only one seller.

Triangular Trade

A three way system of trade during 1600-1800s Africa sent slaves to America, America sent Raw Materials to Europe, and Europe sent Guns and Rum to Africa

Vodun

African religious ideas and practices among descendants of African slaves in Haiti.

Candomble

African religious ideas and practices in Brazil, particularly among the Yoruba people.

East India Company

An English company formed in 1600 to develop trade with the new British colonies in India and southeastern Asia.

Virgin of Guadalupe

Apparition of the Virgin Mary that has become a symbol of Mexican nationalism.

Audiencias

Courts appointed by the king who reviewed the administration of viceroys serving Spanish colonies in America.

Santeria

Cuban religion that combines Catholic and West African beliefs

Creoles

Descendents of Spanish-born but born in Latin America; resented inferior social, political, economic status.

Dutch East India Company

Government-chartered joint-stock company that controlled the spice trade in the East Indies.