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  • Mercantilism is trade to generate wealth but maintaining a profitable trade balance
  • Imperialism is A nation domination over another country's economic political and cultural institution
  • Capitalism is 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.
  • The Columbian Exchange or Grand Exchange was the widespread transfer of animals, plants, culture, human populations, technology, and ideas between the American and Afro-Eurasian hemispheres in the 15th and 16th centuries, related to European colonization and trade after Christopher Columbus' 1492 voyage.
  • The industrial revolution was a period of major industrialization that took place during the late 1700s and early 1800s. The Industrial Revolution, beginning in Great Britain, quickly spread throughout the world.
  • A period that is often identified as beginning in 1492, when Christopher Columbus made his first voyage to the Caribbean, and ending after World War II, when the United States and the Soviet Union emerged as superpowers. In own words: HISTORICAL GLOBALIZATION.
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