Massachusetts Bay Company - ∙ The Massachusetts Bay Company was a mercantile enterprise chartered by a group of English entrepreneurs in 1629 to establish a firmer second foothold along the Atlantic seaboard, in competition with the existing enterprise in Virginia. Mercantile System - ∙ The mercantile system is an arrangement by which an imperial power strips raw materials and profits from a colony, providing manufactured goods for sale in return. Thus, a system of dependency and exploitation is developed, fueling globalization through industrialization. Far from merely a seventeenth-century phenomenon, mercantilism, in altered form, is alive and well today. Monticello - ∙ Monticello, meaning "hillock," or "little mountain," in Italian, was the longtime homestead of Thomas Jefferson, built on the family estate at Shadwell in present-day Albermarle County, Virginia. Construction and renovation on Monticello
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