Exploration - The First Global Age Vocabulary
1. Commerce – the buying or selling of goods on a large scale including the transportation (import/export) of those goods
2. Mercantilism – economic system developed as feudalism decayed to unify and increase the power and wealth of a nation by strict government regulations over the entire economy
3. Imperialism – policy used by strong countries to gain social, political and economic control over foregin territories
4. Colonialism – a system where one country extends its control over foreign dependencies especially for economic benefit
5. Columbian exchange – trading of plants, animals, and diseases from explorations and colonization of the new world