is system of government where the ruler determines policy without consulting either the people or their representatives.
instrument used for navigation, which includes a magnetized piece of metal that points to the north.
changes and development in the European economy, which improved ways of doing business from 1400-1750.
business organization that raised money by selling investors stock, or shares, in the company.
economic theory stating that there is a fixed amount of wealth in the world and that in order to receive a large share, one country has to take some wealth away from another country.
Favorable Balance of Trade
situation that exists when a country sells more goods than it buys from a foreign country.
Treaty of Tordesilles
an agreement between Spain and Portugal dividing all newly discovered lands from 1494.
system of trade involving three stages, one in Europe, one in Africa, and one in the new world, taking place in the Atlantic Ocean.
second stage of the triangular trade system, which involved the shipping of slaves across the Atlantic Ocean to America.
military technique relying on a swift in sudden attacks by small bands of soldiers.
legal right protecting individuals from being arrest and imprisonment without justification.
an act of the British parliament, granting some religious freedom to non-Anglican Protestants, in 1689.