Historical Perspectives on Mercantilism and Globalization

The influence and effects of past events that continue to shape the present day.

The process of interconnectedness and interdependence among people and nations, spanning across geographical boundaries and cultures.

A system of counting, measuring, and calculating the value of goods, based on the use of ten digits (0-9).

The period from the 15th to the 18th century marked by increased trade, exploration, and the exchange of ideas between different regions of the world.

The economic system where nations seek to accumulate wealth through trade and colonization.

The practice of one country exerting political, economic, and cultural control over another.

A social system characterized by a rigid hierarchy of classes with limited social mobility, often based on land ownership and birth.

A deadly pandemic that ravaged Europe in the 14th century, leading to widespread death and economic disruption.

A period of increased global interconnectedness and exchange, driven by trade, exploration, and the spread of ideas. It spanned from 325 BCE to 1400 CE and involved various civilizations, including the Arab traders, Mongols, and Maurya Empire.

A network of ancient trade routes that facilitated the exchange of goods, ideas, and cultures between Asia and Europe.

The spread of knowledge, religious beliefs, scientific advancements, and cultural practices across different regions through trade and interaction.

The primary motivation behind the Silk Road and other early forms of globalization. Individuals and countries sought to acquire wealth and new goods through trade with distant lands.

A period of European exploration, colonialism, and imperialism that led to a significant increase in global interconnectedness and exchange between 1492 and WWII.

The use of military force and political control to expand territory and establish dominance over other regions. European powers like Britain, France, and Spain engaged in imperialism.

A period of intensified global interconnectedness and exchange marked by the rise of the United States, the globalization of markets, and the expansion of global trade, starting after WWII.

A global economic system where countries are interconnected through trade, investment, and financial flows. It involves the exchange of goods, services, and capital across national borders.

The American Revolution was a rebellion against mercantilist policies, as colonists wanted greater economic freedom and control over their own trade.

A system of economics based on free markets, private ownership, and competition, where individuals and businesses are driven by self-interest and the pursuit of profit.

One of the key principles of capitalism, suggesting that individuals naturally work to improve their own well-being and make more money.

A period of rapid technological advancement, particularly in Britain, marked by the introduction of steam power, which revolutionized manufacturing and transportation.

A system where goods were produced by hand in homes or by skilled craftspeople, typically on a small scale.

A production system where goods are made in large factories using machines and specialized labor, often by workers on assembly lines.

The process of using technology and machines to increase the speed and efficiency of production, often with the goal of replacing human labor.

The forced transportation and enslavement of Africans by Europeans to work on plantations in the Americas, lasting from the 15th to the 19th century.

A period of time when people worked for a specific amount of time in exchange for passage to a new land, often with very little pay.

The movement that fought to end the practice of slavery, advocating for the freedom and rights of enslaved people.

A significant event in US history commemorating the emancipation of enslaved African Americans, celebrated on June 19th.

A ship with a triangular lateen sail that allowed for greater maneuverability and speed, enabling longer voyages and trade routes.

The invention of the printing press by Gutenberg in 1436, allowing for rapid and widespread dissemination of ideas and information.

The shift in wealth and power from nobility to merchants and tradespeople, contributing to the rise of a new social class.

The movement of people from rural areas to cities, driven by economic opportunities and evolving social structures.

The exchange of plants, animals, culture, people, technology, and diseases between Europe, Asia, Africa, and the Americas, sparked by Columbus's voyages.

The belief that European culture and customs are superior to those of other civilizations, often used to justify colonization and exploitation.

The act of establishing and ruling colonies in other territories, often with the goal of extracting resources and expanding power.