The Commercial Revolution

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

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

How did the development of Triangular Trade affect the Commercial Revolution?

• Triangular Trade created a lucrative system of trade routes among Europe, Africa, and the New World.

• Triangular Trade profited many African tribal leaders who capitalized from mercantilism.

• Triangular Trade created a divisive gap between Spain and the Holy Roman Empire.

• Triangular Trade ended the dependency on the Spanish Caravel for transport of goods.

How did the development of the Middle Passage affect the Commercial Revolution?

• The Middle Passage provided sugar plantations in the New World with a labor source and created a new profitable trade system.

• The Middle Passage enabled slaves a secret route to escape slavery and become freemen.

• The Middle Passage enabled Spanish Conquistadors the weaponry needed to finally conquer the Aztecs and the Incans.

• The Middle Passage enabled the colonies to build a formidable military to protect their trading posts from Spanish galleons.

What was the purpose of a colony during the Commercial Revolution?

• The sole purpose of the colony is to make money for the European country.

• The primary purpose of the colony is to create a volatile workforce for the European market.

• Colonies were created due to the overpopulation of major cities in Europe.

• Early Spanish colonies were created to be prison camps for the conquistadors.

How did the French and Indian War contribute to the Commercial Revolution?

• The conflict established the New World as a sphere of influence for Great Britain.

• The conflict ended England's dominance and declared America's independence.

• The conflict chased out the remaining Spanish influences from the New World.

• The conflict killed the last of the indigenous populations.

This contributed to the rise of capitalism because it gave people opportunities to invest in new businesses/make money.

• Letters of Credit

• Bank Notes

• Private ownership of land

• Joint-Stock companies

Why did Europeans feel it was necessary to have slave labor?

• They had been raised around slave labor all of their lives. 
• They had learned of the practice after visiting Africa. 
• They were multiple tribal battles that forced Africans into slavery.
• They were needed to work on plantations because there was a shortage of natives and servants. 

Which country first started capturing Africans to use for slave labor?

• Netherlands
• England
• Portugal
• France

What was the role of colonies under the policy of mercantilism?

• They produced manufactured goods forthe mother country. 
• Colonies were forced  to provide raw materials and to buy manufactured goods.
• They imported raw materials for good production. 
• They competed in the global trade market.