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WCiv H - Unit 5 Kings and Explorers Glossary
Unit 5 Glossary words from Western Civ H with Mr. Kahn
6
History
9th Grade
02/07/2014

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Term
Mercantilism
Definition
Economic policy of self-sufficiency and accumulating gold and silver through colonies, exports, and tariffs
Term
Capitalism
Definition
Investment of money to make a profit, where capital and labor are separated
Term
Cottage industry
Definition
a.k.a. putting out system; system of commercial production where merchants employ workers who stay at home
Term
Absolute monarchy
Definition
Government where the monarch’s power is unrestricted and not subject to laws
Term
Limited monarchy
Definition
Government where king’s power is subject to a constitution or legislative body
Term
Tariff
Definition
Tax on imported goods designed to promote domestic industries
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