The Age Of Exploration
By sydneyd6, Updated
Mercantilism is a trade to generate wealth while maintaining a profitable trade balance.
The American colonies participating in mercantilism felt as if they only existed to serve the interest of Britain. It seemed that the British were abusing their power over the colonies.
Imperialism is a nations domination over another country's economic, political and cultural institutions.
Imperialism causes the breakdown of the previous cultures and lifestyles that natives had followed. Imperialism causes the stronger countries to increase their own wealth and power.
Grand Exchange is a trading system for players to buy and sell almost all tradable items.
Some countries will just be enslaved to provide materials and trading goods to the trading corporations.
Capitalism is an economic system that advocates free trade, competition, and choice as a means of achieving prosperity.
Inequality, the benefits of capitalism are rarely equitably distributed. The demand of luxury goods is often limited to a small % of the workforce.
Historical Globalization is a period in time that is often identified as the beginning in 1492 and ending when the United States and the Soviet Union emerged as superpowers after World War II.
Most trade items were imported luxuries , such as fine sewing needles for First Peoples and beaver furs to make hats for fashionable Londoners. These luxury goods did not sustainably change societies.
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