Growth of Capitalism

Government regulates trade (mercantilism), but people

________ own the businesses that are doing the trading (capitalism)

Capitalism

________: private ownership of business and production for a profit.

Entrepreneur

________: risks money in hopes of earning a profit.

Supply

________: the amount of a product available for purchase and Demand- how many people want that product.

Commerce

________: the buying and selling of goods in large quantities over long distances.

Columbian Exchange

________: the movement of goods, people, ideas, and even diseases across the Atlantic.

Middle Class

________: group made up of artisans and merchants.

Joint stock company

________: allowed individual entrepreneurs to buy stocks, or shares, in a company.

The Columbian Exchange led to

what is called a commercial revolution.

Columbian Exchange

the movement of goods, people, ideas, and even diseases across the Atlantic

Commerce

the buying and selling of goods in large quantities over long distances

Capitalism

private ownership of business and production for a profit

Entrepreneur

risks money in hopes of earning a profit

Joint-stock company

allowed individual entrepreneurs to buy stocks, or shares, in a company

Middle Class

group made up of artisans and merchants

Commerce led to

the rise of the entrepreneur.