Created by: Annastasia Massey and Aliah Espino
What is Capitalism?
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. This allows any and all people to establish and own their own business.
What is Mercantilism?
Mercantilism is a type of economic system based on international trade. Merchants export goods to other nations and import goods to their own nation in hope of making a profit. The belief in benefits of profitable trading.
What is The Columbian Exchange?
The Columbian Exchange refers to a period of cultural and biological exchanges between the New and Old Worlds. Exchanges of plants, animals, diseases and technology transformed European and Native American ways of life.