Mercantilism and European Powers
26 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which system led to the establishment of colonies in the 1400s and lasted for about 500 years?

  • Communism
  • Capitalism
  • Socialism
  • Mercantilism (correct)
  • What event caused the European powers to lose control of their colonies?

  • World War I
  • World War II (correct)
  • French Revolution
  • Industrial Revolution
  • How long did it take for the colonies to declare their independence after the European powers lost control?

  • A few decades (correct)
  • A few centuries
  • A few months
  • A few years
  • Who were the primary players in mercantilism?

    <p>Spain, France, and England</p> Signup and view all the answers

    What were the resources collected from the colonies called?

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

    What was the goal of mercantilism?

    <p>To gain economic power</p> Signup and view all the answers

    What impact did mercantilism have on the world politically?

    <p>It led to the emergence of dominant world powers</p> Signup and view all the answers

    Which of the following is a key feature of credit?

    <p>It is 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 purpose of interest in a loan agreement?

    <p>To benefit the lender by increasing the amount of money they receive</p> Signup and view all the answers

    According to the text, what major transformations did the emergence of credit and banking enable?

    <p>The rise of nation-states and capitalism</p> Signup and view all the answers

    Which organization developed the Lexile Framework for Reading?

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

    What does the Lexile Framework for Reading evaluate?

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

    How many resources have been measured using the Lexile Framework?

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

    What does the Lexile measure help students do?

    <p>Find targeted readings</p> Signup and view all the answers

    Which economic philosophy promoted the idea of selling more than you buy to make your country wealthier and more self-sufficient?

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

    What were joint-stock companies primarily used for in the sixteenth and seventeenth centuries?

    <p>Funding colonizing projects</p> Signup and view all the answers

    What was the main advantage of owning shares in a joint-stock company?

    <p>Minimizing individual losses</p> Signup and view all the answers

    What economic system emerged in Europe during the seventeenth and early eighteenth centuries?

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

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

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

    What financial technology helped people give money to each other without exchanging cash and without having the money immediately at hand?

    <p>Bill of exchange</p> Signup and view all the answers

    What did banks sell to individuals in order to finance government debt?

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

    What financial technologies revolutionized the way many nations dealt with trade, war, and colonial expansion?

    <p>Bill of exchange</p> Signup and view all the answers

    Which of the following is a key characteristic of capitalism?

    <p>Workers are hired as wage laborers and sell their labor.</p> Signup and view all the answers

    What role did joint-stock companies play in the expansion of colonial systems?

    <p>They facilitated the exchange of goods, money, and people between Europe and the colonies.</p> Signup and view all the answers

    What effect did the economic changes of Era 5 have on communities?

    <p>They led to the reorganization of communities into nations with distinct classes.</p> Signup and view all the answers

    What was the primary goal of capitalists in the new economic systems?

    <p>To accumulate wealth through the production and sale of goods.</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser