Emergence of Joint-Stock Companies

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Questions and Answers

Which of the following best describes the role of capitalists in the expansion of trade during this time period?

  • They focused on small-scale production
  • They shared their profits with their workers
  • They bought tools, farms, mines, and buildings (correct)
  • They hired peasants as wage laborers

What was the major impact of financial innovations like joint-stock companies during this time period?

  • Reorganization of communities into nations
  • Increase in trade with European colonies
  • Creation of distinct social classes
  • Expansion of colonial systems (correct)

Where were goods produced during this time period?

  • In the colonies
  • In the Middle East
  • In Europe
  • In both Europe and the colonies (correct)

What eventually happened to the economy in Europe as a result of these economic changes?

<p>It adopted a capitalist economy (A)</p> Signup and view all the answers

Which of the following best describes credit in the context of the text?

<p>An agreement between a borrower and a lender that a loan will be repaid later (A)</p> Signup and view all the answers

What is the significance of credit in the emergence of capitalism in Europe?

<p>It enabled major economic, social, and political transformations (C)</p> Signup and view all the answers

What did Shakespeare's character in Hamlet advise about lending money?

<p>Neither a borrower nor a lender be (B)</p> Signup and view all the answers

Which book introduced Europe to fractions and decimals as well as the Hindu-Arabic numeral system?

<p>Liber Abaci (B)</p> Signup and view all the answers

What did the bill of exchange help people do?

<p>Give money to each other without exchanging cash (D)</p> Signup and view all the answers

What were bonds used for?

<p>Managing government debt (D)</p> Signup and view all the answers

Which financial technology revolutionized the way many nations dealt with trade, war, and colonial expansion?

<p>Bonds (D)</p> Signup and view all the answers

Which economic philosophy did European countries promote during the age of imperialism?

<p>Mercantilism (A)</p> Signup and view all the answers

What was the main reason for European countries to seek more colonies during the age of imperialism?

<p>To gain political power (D)</p> Signup and view all the answers

What economic system emerged during the seventeenth and eighteenth centuries?

<p>Capitalism (A)</p> Signup and view all the answers

What role did joint-stock companies play in building overseas empires?

<p>They funded colonizing projects better than governments (D)</p> Signup and view all the answers

Which system is recognized as the standard for matching readers with texts?

<p>The Lexile Framework for Reading (D)</p> Signup and view all the answers

What is the Lexile measure used for?

<p>Evaluating reading ability and text complexity (C)</p> Signup and view all the answers

What does the Lexile Framework determine reading ability based on?

<p>Actual assessments (D)</p> Signup and view all the answers

How many articles, books, and websites have been measured by the Lexile Framework?

<p>Over 100 million (B)</p> Signup and view all the answers

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