11.6 Quizizz

What was the Columbian Exchange?

• A trade route between Europe and Asia

• A global interchange of plants, animals, and people

• A treaty between European nations

• A type of currency used in the Americas

What was one major effect of the Columbian Exchange on Native Americans?

• Introduction of new technologies

• Increase in population

• Spread of disease and death

• Establishment of new cities

What economic change occurred in Europe during the 1500s due to global contact?

• Decrease in inflation

• Increase in inflation

• Stabilization of currency

• Decline in trade

What is the term for the rapid inflation in Europe linked to the increase in money supply?

• Industrial Revolution

• Agricultural Revolution

• Price Revolution

• Scientific Revolution

What system is characterized by private business ownership and limited government regulation?

• Socialism

• Feudalism

• Capitalism

• Communism

Who are entrepreneurs?

• People who work for the government

• People who take financial risks for profits

• People who manage public funds

• People who avoid business ventures

What economic system measures wealth by a nation’s gold and silver?

• Capitalism

• Socialism

• Mercantilism

• Communism

What did mercantilists believe about trade?

• Nations should import more than they export

• Nations should export more than they import

• Trade should be balanced

• Trade should be avoided

What are tariffs?

• Taxes on domestic goods

• Taxes on foreign goods

• Subsidies for local businesses

• Fees for public services

What social class thrived in Europe by the 1700s due to economic changes?

• Nobles

• Peasants

• Middle class entrepreneurs

• Clergy