Commercial Revolution & Absolutism in Europe Warmup

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 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

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 does Absolute Ruler mean?

• a ruler who is sure of their power
• A ruler who is involved in all aspects of government and public life
• someone who has to answer to a separate government body
• a ruler who is absolute

During the Age of Absolutism, European monarchs looked to

• Develop better relations with muslim rulers

• Centralize political power in their nations

• Encourage the growth of political farms

• Increase human rights for citizens

Who was Peter the Great?

• This man promoted Westernization campaigns to make his country more European

• This man demonstrated absolutism by building the city Versailles as a way of distracting the French nobility

• This man didn't believe that the average person was intelligent enough to participate in government, which led him to believe that enlightened monarchy was best

• This man thought that humans were naturally greedy and chaotic and would need a large government to control them