Key Term: Silk, Sugar, Chocolate, Coffee, Tobacco, Rum

Commodity Trade: The exchange of goods such as silk, sugar, chocolate etc., often between different regions or countries.

Mercantilism: An economic theory prevalent during the 16th to 18th centuries that advocated for a positive balance of trade (exports greater than imports) and accumulation of precious metals by the state.

Colonialism: The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.