Commercial Revolution

European exploration and colonization led to the economic expansion of European economies known as the:

• Capitalist Reformation
• Commercial Revolution
• Encomienda System
• Sistema de Castas

What was mercantilism?

• The idea a colony should be self-sufficient
• The idea a mother country needs to defend her colonies
• The idea the religion of the colony should mirror the religion of the mother country
• The idea colonies existed to benefit and serve their mother countries

All of the following resulted from the Commercial Revolution EXCEPT:

• rise of banking industry
• rise of insurance industry
• shrinking of European economy
• sale of stock for business investment

In the system of mercantilism, the colonies

• Exported manufactured goods to European nations
• Exported slaves to African kingdoms
• Imported raw materials from the mother countries
• Imported manufactured goods from the mother countries