Colony - a country or area under the full or partial political control of another country, typically a distant one, and occupied by settlers from that country, Charter - a legal document awarded by the king of England, giving land to a company or individual to create a colony. , Proprietorship - form of a charter; given to a person (called the "proprietor") by the king as a reward for services to the king., Speculate - purchase large tracts of land and then resell them in smaller parts for profit., Columbian Exchange - the sharing of plants, animals, ideas, and technology, between Europe and the Americas., Mercantilism - sending raw materials to increase exports, decrease imports, allowing more money to flow into the economy. , Conquistador - Spanish soldiers who explored and conquered lands around the world., Company - made up of investors who provided ships, tools, food, water, and protection for the people who would move to America., Favorable balance of trade - When a country sells more than it buys, Tariff - a tax on goods coming from another country., Exploration - the act of exploring new or unknown places, Colonized - to establish a settlement on (a distant territory) and begin to rule, Economic Gain - an increase in the production of goods and services in an economy, Import - to buy from other countries, Explort - to sell to other countries, Indentured servants - men and women whose journey from England to the colonies was paid for by another person., Junta - a government that relies on strict military rules and consequences where one man has authority., Oligarchy - a government in which authority rests with a single group, House of Burgesses - a legislature of white, property-owning men who chose representatives to make laws for them in assembly meetings. , Compact - an agreement or contract between individuals or groups of people, Monarchy - a system of government in which a country is rued by one leader, a king or queen, who was born into the role., Representative Democracy - rule of law is established and every person becomes equally accountable in court.,

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