QUESTIONS WITH FULL EXPLANATIONS
◉Mercantilism. Answer: An economic policy under which nations
sought to increase their wealth and power by strictly regulating the
economy to obtain large amounts of gold and silver by selling more
goods than they bought and utilizing colonies
◉Prince Henry the Navigator. Answer: (1394-1460) Prince of
Portugal who established an observatory and school of navigation at
Sagres and directed voyages that spurred the growth of Portugal's
colonial empire.
◉Ming Dynasty (1368-1644). Answer: It was perhaps the peak of
Chinese civilization with 300 years of peace and prosperity. They
improved the Grand Canal, made great porcelain, and under Yong Le
encouraged exploration. They also built the Forbidden City in the
capital of Beijing. After Yong Le rulers would reject exploration. The
Ming would participate in the Global Silver Trade, starting in the
mid-1500s, as an eager buyer of silver. However, they will be
overthrown by the Manchu.
, ◉Portuguese Empire. Answer: took an early lead in European
exploration (sponsored by Prince Henry); went East and established
trading posts in West Africa, East Africa (Swahili City States) and
India for spice trade
◉maritime. Answer: on or near the sea
◉Global Silver Trade. Answer: Silver trade between the Americas
and Europe and onward to China from the 16th to 18th centuries. It
had a profound effect on the world economy and silver trade could
also be considered the beginning of the global economy.
◉Spanish Empire. Answer: Made up of territories and colonies in
Europe, Africa, and Asia controlled from Spain. At its strongest, it
was one of the biggest empires in world history according to how
much land they had, and one of the 1st global empires. Royalty from
the Castile and Aragon kingdoms ruled it. Christopher Columbus led
the first Spanish exploration trip which led them to colonizing in the
Americas.
◉plantation agriculture. Answer: Production system based on a
large estate owned by an individual, family, or corporation and
organized to produce a cash crop.
◉cash crop. Answer: a crop produced for its commercial value
rather than for use by the grower.