AP Euro Topics 5.2 and 5.3 Rise Global mkt/ Brit AscendsTerms/Names
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16 Terms
Commercial Rivalries
Competition between nations primarily over trade and new markets.
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French East India Company
Created by Louis XIV in attempt to compete against Britain for control of India.
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Dutch East India Company
AKA VOC, first transnational corporation. Idea of Freedom of the Seas for trade.
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transnational corporation
A firm that conducts business in at least two separate countries
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British East India Company
Created originally to compete with Portugal over Spice Islands. Switched to dominating India and its trade by 1700s.
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human capital
the skills and knowledge gained by workers through education and experience that support the growth of business
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Acts of Union
pair of Parliamentary Acts passed in 1707 by the Parliament of Scotland and the Parliament of England to formally unify the two countries into Kingdom of Great Britain
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William of Orange
Stadtholder of the Dutch Republic who, with his wife, was invited to take the crown in England, ending the wars between the two nations.
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Stadtholder
local prince who led the provinces of the Netherlands.
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War of the Spanish Succession
war fought over the Spanish throne; Seriously weakened France, the Dutch Republic, and Spain while leading to Britain's rise in power.
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War of the Austrian Succession
Fight over control of Austrian territory when Maria Theresa came to power. First of major alliance wars in mid 18th Century.
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Diplomatic Revolution
Major reversal of diplomatic alliances. Great Britain reversed its alliance with Austria and forged a relationship with Prussia, causing France to join with Austria and Russia to check Prussian power.
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Seven Years War
worldwide struggle between France and Great Britain for power and control of land HUGE financial disaster for both countries.
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French and Indian War
The North American segment of the Seven Years' War. Led to Britain controlling all land east of Mississippi and Canada. Cost later leads to American Colonial revolt.
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Treaty of Paris
Peace treaty ending the French and Indian War/Seven years' War.
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American Revolution
The breaking away of the American Colonies, in part successful because France supported the Colonies as revenge for Seven Years' War.
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Note 
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