Commercialization in Europe

What was a major consequence of the Price Revolution in Europe?

• Decrease in demand for goods

• Drastic increase in goods, money supply, and prices

• Stability in food prices

• Decline in European trade

Which movement began the commercialization of farming in Europe?

• Industrial Movement

• Cultural Revolution

• Enclosure Movement

• Scientific Advancement

What change did the Enclosure Movement bring about in farming?

• Increased use of peasant labor for taxes

• Expansion of Common Land for public use

• Landowners closing off land to peasants for commercial farming

• Shift to industrial farming techniques

What was a result of the Enclosure Movement for landowners?

• Loss of land

• Decrease in wealth

• Increased wealth and power

• Inability to sell land

What economic system helped expand joint-stock investments during this period?

• Feudalism

• Socialism

• Mercantilism

• Capitalism

What was a significant impact of the new banking systems in Europe?

• Decrease in exploration investments

• Increase in state taxes

• Decline in trade routes

• More investment opportunities and exploration

Which of the following is an example of a successful charter company?

• Spanish Armada

• British East India Company

What characterized agriculture in Eastern Europe during the 16th and 17th centuries?

• Rapid commercialization

• Dominance of serfdom and agriculture

• Shift to industrial farming

• Widespread urban migration

What was a primary reason for peasant rebellions during this period?

• Economic stability

• Access to education

• Closing off of Common Land

• Increase in wages

How did the influx of New World goods and silver affect European economies?

• Decreased the money supply

• Stabilized food prices

• Led to the Price Revolution

• Reduced the demand for goods