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Topic 11;6 Economic Changes in Europe

AB
inflationan economic cycle involving a rise in prices linked to a sharp increase in the amount of money available
capitalismthe investment of money to make profit
entrepreneurenterprising merchants
joint stock companylike a partnership it allowed people to pool large amounts of capital needed for overseas ventures
mercantilismeconomic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism
tarifftax on imported goods
Columbian Exchangegoods from Americas and Europe that changed hands over time
commercial revolutionspurred trade
putting out systemsystem by which the guilds were bypassed and labor was separated from capital


Father Ryan High School

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