Unit 4 social and economic transformation of Europe

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5 Terms

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Gentry

Rural land owning families

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Bourgeoisie

the middle class, including merchants, industrialists, and professional people; usually refers to the French *Social Class

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Joint stock companies

a company whose stock is owned jointly by the shareholders. Example: Dutch East Indies Co.

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Divine Right

Belief that a rulers authority comes directly from God. Absolute monarchs claimed Divine Right. Example: Louis XIV

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Mercantilism

An economic practice based on maximizing the amount of gold and sliver coming into a country through strict government control, maximizing exports and limiting imports