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Topic 13 Columbian Exchange


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Columbian Exchange
refers to the widespread transfer of animals, plants, culture, human populations, communicable diseases, technology and ideas between the Americas and Europe, Africa and Asia in the 15th and 16th centuries, related to European colonization and trade
Capitalism
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state
Mercantilism
is a system in which a country attempts to amass wealth through trade with other countries, exporting more than it imports and increasing stores of gold and precious metals.
Joint Stock Company
a company whose stock is owned jointly by the shareholders; was used to fund voyages of exploration and establish colonies
Favorable Balance of Trade
A status when a country or nation attains more exported goods than it has of imported goods.
Small Pox
a contagious, disfiguring and often deadly disease that has affected humans for thousands of years.