Lecture Questions 2.1

What were the causes of the growth of networks of exchange after 1200?

• Expansion of trade routes, rise of empires, advancements in navigation, increased demand for goods, establishment of trade fairs.
• Decrease in demand for goods, the fall of the Roman and Han Empires

• Isolation of empires created higher demand for sea trade from Europe and the Americas through the Panama Canal and the Northwest passage

• Decline of trade routes occurred due to resentment between different religious conflicts between Christians, Jews, Muslims, and Hindus

What type of demand increased during the 14th and 15th Centuries?

• Increased demand for agricultural tools.
• Increased demand for basic clothing items.
• Increased demand for military supplies.
• Increased demand for luxury goods and artistic works.

What major event in European history triggered interest in luxury goods from the East?

• The Industrial Revolution
• The Crusades
• The Renaissance
• The Fall of the Roman Empire

Under what empire did the silk road trade peak?

• Ottoman Empire
• Byzantine Empire
• Roman Empire
• Mongol Empire

What is a caravan and why were they used from 1200 to 1450?

• A caravan is a type of vehicle used for personal travel.
• Caravans were primarily used for military expeditions during this period.
• A caravan is a single traveler who moves alone for leisure.
• A caravan is a group of travelers, used for trade and protection along trade routes from 1200 to 1450.

Trade was the most important reason for travel, but what else motivated travelers?

• Exploration, cultural exchange, pilgrimage, and adventure.
• Diplomacy and missionary activities

• Transportation logistics
• Business meetings

What developed along the Silk Roads, usually serving as markets and water source oasis? For example, Samarkand and Kashgar.

• Market towns
• Fortresses
• Trading posts
• Cities

What was a caravanserai?

• A caravanserai was a large marketplace for trading goods.
• A caravanserai was a roadside inn for travelers and merchants.
• A caravanserai was a type of ancient weapon.
• A caravanserai was a royal palace for kings.

How did increased trade effect financial systems between 1200 and 1450ce?

• Increased trade led to the decline of banking systems and financial instruments.
• Trade had no significant impact on financial systems during this period.
• Increased trade caused a decrease in economic growth and investment.
• Increased trade stimulated the development of banking systems and financial instruments, enhancing economic growth and investment.

What was flying cash and how did it relate to bills of exchange?

• Flying cash was an early form of promissory note in China that facilitated trade, and it relates to bills of exchange as both are financial instruments used to transfer value without physical currency.
• Flying cash was a type of physical currency used in Europe.
• Flying cash was a form of barter system that eliminated the need for currency.
• Bills of exchange were only used for international trade and had no relation to flying cash.