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22 Cards in this Set
- Front
- Back
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Low Countries |
a coastal region in western Europe, consisting especially of the Netherlands and Belgium, and the low-lying delta of the Rhine, Meuse, Scheldt, and Ems rivers where much of the land is at or below sea level. |
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Enclosure |
the state of being enclosed, especially in a religious community. |
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Proletarianization |
the social process whereby people move from being either an employer, unemployed or self-employed, to being employed as wage labor by an employer |
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Cottage Industry |
a business or manufacturing activity carried on in a person's home. |
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Putting-out System |
merchant-employers “put out” materials to rural producers who usually worked in their homes but sometimes laboured in workshops or in turn put out work to others. |
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Industrious Revolution |
the transition to new manufacturing processes |
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Guilds |
a medieval association of craftsmen or merchants, often having considerable power. |
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Monopolies |
the exclusive possession or control of the supply or trade in a commodity or service. |
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Navigation Acts |
a series of laws that restricted the use of foreign ships for trade between Britain and its colonies |
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Asiento |
an agreement between the Spanish crown and a private person or another sovereign power by which the latter was granted a monopoly in supplying African slaves for the Spanish colonies in the Americas |
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Triangle Trade |
a historical term indicating trade among three ports or regions (Africa, The Americas, Europe) |
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Treaty of Paris |
ended the American Revolutionary War |
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Commodities |
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. A valuable essential such as water |
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Debt Peonage |
also called debt slavery or debt servitude, is a system where an employer compels a worker to pay off a debt with work |
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Atlantic Slave Trade |
the biggest deportation in history and a determining factor in the world economy of the 18th century. Millions of Africans were torn from their homes, deported to the American continent and sold as slaves. Triangular Trade. |
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Jethro Tull |
was an English agricultural pioneer from Berkshire who helped bring about the British Agricultural Revolution (created the horse drawn hoe) |
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John Kay |
was the inventor of the flying shuttle, which was a key contribution to the Industrial Revolution |
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Adam Smith |
The Wealth of Nations, is considered the first modern work of economics. Smith is cited as the father of modern economics and is still among the most influential thinkers in the field of economics today. |
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Creoles |
a person born in the West Indies or Spanish America but of European, usually Spanish, ancestry |
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Mulattos |
a person of mixed white and black ancestry, especially a person with one white and one black parent. |
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James Cook |
a British explorer, navigator, cartographer, and captain in the Royal Navy. As he progressed on his voyages of discovery he surveyed and named features, and recorded islands and coastlines on European maps for the first time. He displayed a combination of seamanship, superior surveying and cartographic skills |
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Economic Liberalism |
Economic decisions are made by individuals, not by institutions or organizations |
