HISTORY MIDTERM REVIEW
Joint-Stock Companies - Form of business organization that pooled funds of many investors or stock holders who can independently sell their shares of the company. This way people in all classes can help fund explorations, and if the exploration is a failure, than the debt is not too great.
Treaty of Tordesillas - Line made by the pope in 1494 where Spain had land west of the line and Portugal had land east of the line.
Major explorers-
Vasco da gama- Portugal- rounded Cape of Good Hope and sailed up the eastern coast
Christopher Columbus- Spain -went ashore on a small island in the Bahamas
Vasco de balboa- Spain -expeditions to panama
Ferdinand Magellan- Spain- first to circumnavigate the world, he died on the way
Pedro cabral- Portugal - set out for India, blown east by storm and reached Brazil
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