Emergence of Joint-Stock Companies

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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?

It adopted a capitalist economy Signup and view all the answers

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

An agreement between a borrower and a lender that a loan will be repaid later Signup and view all the answers

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

It enabled major economic, social, and political transformations Signup and view all the answers

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

Neither a borrower nor a lender be Signup and view all the answers

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

Liber Abaci Signup and view all the answers

What did the bill of exchange help people do?

Give money to each other without exchanging cash Signup and view all the answers

What were bonds used for?

Managing government debt Signup and view all the answers

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

Bonds Signup and view all the answers

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

Mercantilism Signup and view all the answers

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

To gain political power Signup and view all the answers

What economic system emerged during the seventeenth and eighteenth centuries?

Capitalism Signup and view all the answers

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

They funded colonizing projects better than governments Signup and view all the answers

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

The Lexile Framework for Reading Signup and view all the answers

What is the Lexile measure used for?

Evaluating reading ability and text complexity Signup and view all the answers

What does the Lexile Framework determine reading ability based on?

Actual assessments Signup and view all the answers

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

Over 100 million Signup and view all the answers