A | B |
Compass | an instrument that telld direction |
Astrolabe | an instrument that gives latitude |
Subsidies | government grants of money |
Joint Stock Company | 2 or more business men combining money to fund exploration; share both risk and benefit |
Mercantilitsm | Economic policy that a country will do anything it can to gain wealth |
Triangular Trade | series of trade networks that form a triangle. Revolves around slaves and goods |
Tarrifs | Import tax on foreign goods |
favorable balance of trade | trading so that you end up with a profit |