the age of exploration

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key terms

Storyboard Text

  • capitalism is an economic system that supports free trade, competition and helps to achieve good fortune
  • Imperialism is establishing an economic or political dominance over other nation - ruling over another nation because they can
  • we lose control over our land and we don't have the right to say our own opinions!
  • Historical globalization is the history of economics, political and social subject of ongoing debate
  • it might cause a later effect once we take a look at a globalization debate.
  • mercantilism is about trading wealth to other nations while making sure we sell more than buy more
  • if you keep selling products the enough for your nation. Or if the traded products you receive does not have a high value, then it's no use
  • capitalist will prove citizens that are less fortunate can not gain any wealth because they are not motivated. Those who work hard will gain wealth
  • Grand Exchange is the widespread of animals, plants, humans, culture and even diseases during the 15th and 16th century. Potatoes and tomatoes increased in Europe and later got introduced to Asia and West Africa
  • Prices are all over the place making us suffer from all the high prices the products have been set to
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