| A | B |
|---|
| inflation | an economic cycle involving a rise in prices linked to a sharp increase in the amount of money available |
| capitalism | the investment of money to make profit |
| entrepreneur | enterprising merchants |
| joint stock company | like a partnership it allowed people to pool large amounts of capital needed for overseas ventures |
| mercantilism | economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism |
| tariff | tax on imported goods |
| Columbian Exchange | goods from Americas and Europe that changed hands over time |
| commercial revolution | spurred trade |
| putting out system | system by which the guilds were bypassed and labor was separated from capital |
