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</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</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</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</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</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</p> Signup and view all the answers

    What were bonds used for?

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

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

    <p>Bonds</p> Signup and view all the answers

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

    <p>Mercantilism</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</p> Signup and view all the answers

    What economic system emerged during the seventeenth and eighteenth centuries?

    <p>Capitalism</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</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</p> Signup and view all the answers

    What is the Lexile measure used for?

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

    What does the Lexile Framework determine reading ability based on?

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

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

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

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