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Exploration 2017b

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jwright's version from 2017-01-23 09:02

Section

Question Answer
Colonial ClaimsSpain, France, and Great Britain all sent explorers to the Americas. They established colonies, which were settled by people seeking freedom, wealth, and adventure. European Government wanted the colonies to send them gold, silver, furs, and agricultural products.
conquistadorSpanish soldiers who conquered people in other lands
caravelallowed sea captains to sail close to shore and into shallow inlets
compassa magnetized needle to determine direction.
astrolabeallowed sailors to use the position of the sun and stars to determine latitude
mercantilismAn economic theory that depends on a greater amount of exports than imports i
colonizationEuropeans explored and established settlements. In the 1500’s, which were Plantation, Trading Posts, and Settler colonies.
importBuys from other countries
exportgoods shipped out of a country and sold somewhere else.
Balance of TradeDifference between what a nation imports and exports
Feudal SystemPeople were given land and expected to be loyal to the land owner
CapitalismA system in which people, rather than governments, own property
Market EconomyBased on supply and demand. He or she buys and sells goods and services on an open market.
Middle ClassA group made up of merchants and artisans.
International TradeCountries around the world take part in some form of trade.
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