CHAPTER 2: THE RISE OF THE ATLANTIC WORLD (1400-1625) Define and give the significance of the following Key Terms: Joint-stock company: The joint-stock company is a company with many investors and shareholders. This was important in the sixteenth century because demand for capital investment rose, as did the supply of wealth. Moreover, many settlements in the US, such as Jamestown, was established with the joint-stock company. Protestant Reformation: In the sixteenth century, there were religious, intellectual, cultural, and political upheavals that broke and revived the Catholic Church in Europe. This was called protestant reformation. The leaders who took part were Martin Luther, King Henry VIII, and John Calvin. This is of great importance …show more content…
It was significant because it promoted racism. Encomienda: Encomienda was Spanish government’s policy to trade certain colonists with Indians for Christianizing them. Encomienda was significant because it was meant to be a way to make sure the natives would be taken by the colonist, educated, and come to be civilized. English “sea dogs”: English buccaneers who wanted to encourage Protestant belies and seized and raided Spanish ships and settlements were called sea dogs. The most well-known sea dog was Sir Francis Drake because during Elizabeth I’s reign, he destroyed the Spanish Armada. Jamestown: Founded by Captain John Smith on May 14, 1607, this Virginia Colony called Jamestown, is known as the first English settlement in the United States. This colony is very significant because it was the earliest English settlement. Headright System: The headright system was used to attract new settlers and to address labor scarcity. It was produced in 1618 in Jamestown. The headright system is significant in history because it brought it new settlers as well as gave rich people land for bringing indentured servants which limited the amount of available