Summer Flash Cards 2 Flashcards

Economy

185046304	Merchants	a person whose business is buying and selling goods.	1
185046305	Manufacturing	The process of making a raw material into a finished product; especially in large quantities.	2
185046306	Slave Labor	holding a person in bondage to force them to work; an act practiced by Africans and Native Americans.	3
185046307	Manorialism	An economic system based on the manor and lands including a village and surrounding acreage which were administered by a lord. It developed during the Middle Ages to increase agricultural production.	4
185046308	Feudalism	A political system in which nobles are granted the use of lands that legally belong to their king, in exchange for their loyalty, military service, and protection of the people who live on the land	5
185046309	Serfdom	The system of agricultural labor popular in eastern Europe in which peasants had no rights or freedoms and were bound to the land.	6
185046310	Encomienda System	system in Spanish America that gave settlers the right to tax local Indians or to demand their labor in exchange for protecting them and teaching them skills.	7