Early Modern Period: Economic Transformations Quiz

What was the main motivation for European explorations in the 15th to 17th centuries?

• Desire for new territories

• Search for new technologies

• Escape from political turmoil

• Desire for luxury goods

Which European country was the first to enter the Indian Ocean trade network?

• Spain

• France

• Portugal

• England

What strategy did the Portuguese use to establish control in the Indian Ocean trade network?

• Religious conversion of local leaders

• Creation of a trading post empire

• Military conquest of large territories

• Diplomatic negotiations with Asian merchants

Which European power established a monopoly of cloves, mace, and nutmeg in the Banda Islands?

• Netherlands

• Portugal

• Spain

• France

What was the primary impact of the large silver deposits discovered in Japan and South America in the 16th century?

• Caused inflation in Europe

• Led to economic growth in Spain

• Fueled a new Pacific trading network

• Resulted in a decline of global trade

What was the main consequence of the influx of silver in Spain in the 17th century?

• Integration of Jewish and Protestant merchants

• Inflation and loss of prestige

• Strengthening of Spanish production

• Rise of entrepreneurial activity

Which region remained the center of the world system in the early modern period?

• Americas

• Asia

• Africa

• Europe