Global History & Geography for 14-15 Yr olds USA) (Thomas Caswell)

The policy of maintaining colonies as a source of raw materials and new markets. Practiced during old and new imperialism.

A group of people moving from their homeland to a new area in large numbers.

The exchange of goods and other things, such as disease from the Old World (Europe) to the new World (North and South America) and back.

(1451-1506) Italian explorer working for Spain who, in 1492, crossed the Atlantic Ocean and discovered the Americas for Spain.

An economic system controlled by strong, centralized government, which usually focuses on industrial goods. With little attention paid to agriculture and consumer goods.

The large scale buying of goods and/or services.

A dramatic change in the economy of Europe at the end of the Middle Ages. It is characterized by an increase in towns and trade, the use of banks and credit, and the establishment of guilds to regulate quality and price.

Nation created after the breakup of the Soviet Union. It includes Russia and several smaller former Soviet republics.

A government owned farms where peasants work on a quota system.

A system of government in which a single, totalitarian, party holds power. It is characterized by state control of the economy, and restriction on personal freedoms. It was first proposed by Karl Marx and Friedrich Engels in The Communist Manifesto.