15.5 A Commercial Revolution

​ (a)   is a rise in ​ (b)   that is the result of a sharp increase in the amount of ​ (c)   available.

• inflation
• prices
• money
• mercantilism
• exchange
• profit

The ​ (a)   that began in ​ (b)   in the 1500s was known as the ​ (c)   .

• inflation
• price revolution
• banks
• capitalism
• prince revolution
• Europe

​ (a)   were key to the success of ​ (b)  

• entrepreneurs
• capitalism
• joint stock companies
• workers
• mercantalism

​ (a)   produced finished goods, and also controlled ​ (b)   (how much the goods cost) ​ (c)   (how good the products were), and ​ (d)   .

• guilds
• prices
• quality
• working conditions
• putting-out system
• entrepreneurs
• merchants

The putting-out system (also know as ​ (a)   ), allowed capitalists to avoid the ​ (b)   system.

• cottage industry
• guild
• mercantilism
• capitalism

​ ​ (a)   is an ​ (b)   system in which most ​ (c)   are owned ​ (d)   .

• capitalism
• economic
• businesses
• privately
• mercantialism
• guild
• publicly
• by the government

The ​ (a)   revolution in ​ (b)   was caused by the massive amount of ​ ​ (c)   being brought to Europe from European colonies.

• price
• Europe
• gold and silver
• French
• Asia
• paper money
• inflation

Early ​ (a)   capitalists borrowed ​ (b)   methods from the ​ (c)   to keep track of the money they made (​ (d)   ) and losses.

• European
• bookkeeping
• Arabs
• profits

Banks ​ (a)   money at ​ (b)   allowed business to grow.

• loaning
• interest
• borrowing
• certain times of the year

(a)   are people who take financial ​ (b)   to make ​ (c)   .

• entrepreneurs
• risk
• profit
• mercantilists
• loans
• losses