ch. 16

tariff

A tax on imported goods

Explorer Amerigo Vespucci concluded that the land discovered by Columbus was not part of Asia, but a new land.

true

Had the Columbian Exchange not taken place, Texans could not be cattle ranchers.

true

Spanish colonization of the americas resulted in the deaths of millions of native americans from overwork, epidemic diseases and mistreatment on ecomiendas

true

the age of exploration was driven in large part by the search for wealth

true

Scholars estimate that how much of all food crops grown around the world today are of American origin?

1/3

joint stock

A company made up of a group of shareholders. Each shareholder contributes some money to the company and receives some share of the company's profits and debts.

The food exchange between europe and the americas

Europeans brought wheat, sugar, and sheep to the Americas, and took corn, potatoes, and turkeys to Europe

Columbian Exchange

The exchange of plants, animals, diseases, and technologies between the Americas

An increase in business activity due to colonization caused which of the following?

a new class of wealthier merchants emerged into europe

Capatilism

an economic system based on private ownership and on the investment of money in business ventures in order to make a profit

Mercantilism

belief in the benefits of profitable trading; commercialism.

balance of trade

export more than you import

Colonies in the Americas were allowed to sell raw materials to countries other than the home country.

false

During the mercantilist era, wealth was measured by the amount of land that a nation possessed.

false

Sir Francis Drake found a route around north america from the pacific to the alantic

false

the 1st country to launch large scale voyages of exploration was spain

false

subsides

grants of money to help business people start a new industry

Mercantilists would advocate that a nation do which of the following?

sell more goods than it buys from foreign countries

what was an affect of the Columbian exchange

the exchange of foods and animals had a dramatic impact on later societies

One result of the Treaty of Tordesillas

the spanish empire was larger than the portuguese empire