AP World 4.5

• Capital - Material Wealth

• Price Revolution - high rate of inflation, or general rise in prices in the 16th and 17th century.

• Joint-stock companies - Owned by investors who bought stock or shares in them.

• Limited liability - Investor was not responsible for a company’s debts or other liabilities beyond the amount of an investment.

• British East India Company & Dutch East India Company - 17th century Joint-Stock companies

• Triangular trade - Three segments of trade. Europeans goods travel to West Africa, then enslaved Africans go to the Americas, finally sugar and tobacco travels to Europe.

• Asians exhanged silks, porcelain, and steel products for silver

• Monopolies - granted merchants or the government the exclusive right to trade

• The Dahomey and Oyo - conducted slave raids and became richer from selling their captives to Europeans.

• Intergroup warfare became more common and bloodier as a result of the slave trade

• Most slaves came from Ghana and Benin

• Polygyny - Having more than one wife

• American crops were Manioc (cassava/yucca), maize, peanuts; became African Staples

• Spanish and Portuguese erased the basic social structures and many cultural traditions of the indigenous Americans.

• Viceroys - Administrators and representatives of the Spanish crown.

• Audiencias - Royal courts

• Bernardino de Sahagún compiled the Florentine Codex, a source of Aztec life before conquest.

• Syncretism - the combining of different relgious beliefs and practices

• Santeria - way of the saints. African Faith in Cuba

• Vodun - means “spirit” or “deity”. Originated with African peoples of Dahomey, Kongo, and Yoruba enslaved in Haiti.

• Candomblé - “dance to honor the gods”. Combination of Yoruba, Fon, and Bantu belief from different parts of Africa. Developed in Brazil.

• Virgin of Guadalupe - Revered in Mexico for her ability to perform miracles

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