4.5 Economic Changes
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9 Terms
Capital
Wealth or resources used to start or invest in business.
Commercial Revolution
Expansion of trade, banking, and business in Europe from the 1500s–1700s.
Price Revolution
Period of high inflation in Europe due to gold/silver inflow and population growth.
Joint-stock company
Company owned by shareholders who invest money and share profits/losses.
Dutch East India Company (VOC)
A rich, powerful Dutch joint-stock company controlling trade in the Indian Ocean.
Triangular trade
Trade network linking Europe, Africa, and the Americas (finished goods → enslaved Africans → raw goods).
Polygyny
A cultural practice where men have more than one wife.
Viceroys
Royal governors sent by Spain to rule colonies in the Americas.
Syncretism
Blending of different cultures, religions, or beliefs into a new system.
Note 
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