The Age of Exploration - Lesson 3

What effect does mercantilism have on government?

• The government becomes stronger and richer.

• The government loses all power.

• The government becomes democratic.

• The government is controlled by foreign nations.

Where was the only place where a colony could trade raw materials and manufactured products?

• its home country

• other colonies

• any foreign country

• neighboring kingdoms

Which term describes a trading system in which the government controls all economic activity? (A) capitalism (B) mercantilism (C) atlas (D) cottage industry

• capitalism
• mercantilism
• atlas
• cottage industry

Underline the three things that were sent back and forth in the triangular trade network. Circle the three places that were part of the triangular trade network.

• raw materials, manufactured products, slaves; Europe, Africa, the Americas

• gold, spices, tea; Asia, Europe, Australia

• cotton, silk, sugar; Africa, Asia, South America

• furs, tobacco, rice; North America, Europe, Antarctica

How were Dutch merchants able to control trading posts in Asia and Africa?

• The Dutch formed a company to deal with trade from Africa and Asia.

• They relied solely on military force to seize trading posts.

• They negotiated exclusive treaties with local rulers for all trade.

• They avoided competition by trading only with European countries.

What does capitalism encourage among manufacturers?

• competition

• monopoly

• isolation

• uniformity

You are a shoemaker in England during the 1700s. You hear that the American colonies are in desperate need of shoes. A trader asks you if you can fill an order for 5,000 pairs of shoes—by next week! What is the best plan to fill the order?

• Hire extra workers and work in shifts to meet the deadline.

• Wait until next month to start production.

• Ignore the order and focus on local customers.

• Send only half the order and promise the rest later.

An atlas is a collection of maps that helped improve northern trading expeditions.

• True

• False

In a cottage industry, individuals decide what goods and services they want to buy.

• True

• False

The government controls all economic activity in the trading system called capitalism.

• True

• False