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Unformatted text preview: 1400 to 1750, which improved ways of doing business. Standardized Money- During the 1400s, Europeans developed a standard money system. The standardization of money made economic transactions much more reliable. This intern encouraged the growth of international trade and banking. Joint-Stock Companies- Business organization that raised money by selling investors stock, or shares, in the company. Mercantilism- Economic theory stating that there is a fixed amount of wealth in the world and that in order to receive a larger share, one country has to take some wealth away from another country. Favorable Balance and Trade- Situation that exists when a country sells more goods than it buys from a foreign country. Tariffs- Import taxes on foreign goods. Subsidies- Government grants of money....
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- Spring '08