Studied by 0 peopleCapital
material wealth available to produce more wealth
Commercial Revolution
the transformation to a trade-based economy using gold and silver
Price Revolution
the high rate of inflation, or general rise in prices, in the 16th and early 17th century
Joint-stock companies
a company made of a group of shareholders; each shareholder invests some money in the company and receives a share of the company’s profits
Limited liability
the principle that an investor was not responsible for a company’s debts or other liabilities beyond the amount of an investment
British East India Company
British joint-stock company made in the 17th century
Dutch East India Company
Dutch joint-stock company made in the 17th century
Triangular trade
the three-legged route that made up the Atlantic Slave Trade
Monopolies
granted certain merchants - usually through a joint-stock company - or the government itself the exclusive right to trade
Dahomey & Oyo
African societies that conducted slave raids & became richer from selling their captives to Europeans
Polygyny
the taking of more than one wife
Viceroys
the governor of a country or province who rules as the representative of a king or sovereign
Audiencias
Spanish royal courts that appeals viceroys’ decisions or policies
Creoles
those born in America of Spanish origin
Syncretism
the combining of different religious beliefs and practices
Santería
“the way of saints”; originally an African faith that became popular in Cuba
Vodun
“spirit” or “deity”; originated in Africa, and those who were enslaved took Vodun to Haiti
Candomblé
“dance to honor gods”; originally developed in Africa, is now practiced in Brazil
Note
Flashcard