commercial revolution

What vocabulary word is most illustrated in the picture above?

• Global Economy
• Mercantilism
• Bank Loans
• Profit

What social class grew the quickest in the Commercial Revolution?

• Nobility
• Serfs
• Middle Class
• No class system increased

What is a joint- stock company?

• Filing for bankruptcy 
• Asking for a loan from a bank
• A way for people to invest in businesses
• Moving to the city for more economic opportunity

Why does Europe start using the sea trading routes instead of land?

• Russia put a blockade on all trade
• There was too much war on land to safely travel
• The Ottoman Empire raised the prices of trading through their empire
• Industrial ships allowed for quicker travel 

What is the most essential element of a free- enterprise economy?

•  a booming economy
• Little government interference
• no bank loans
• A large middle class

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

What was one result of the Commercial

Revolution in Europe?

(1) decrease in the size of the middle class

(2) expansion of the manor system

(3) development of financial institutions

(4) wider use of the barter system

• 1

• 2

• 3

• 4

The development of banking during the

Commercial Revolution in western Europe was

significant because it

(1) provided capital resources to merchants for investment

(2) allowed peasant farmers to finance the construction of new homes

(3) enabled the proletariat to challenge the bourgeoisie

(4) created pensions for retired workers

• 1

• 2

• 3

• 4

What was a result of the rise of the merchant class in Europe?

• The end of the Feudal system
• A decrease in the slave trade
• A decrease of wealth
• The end of the Ottoman Empire