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Economics

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Geoffrey Herzog

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Cards in this guide (13)
What term describes the shang dynasty

bronze Age China

What did Adam smith said real wealth of a nation was measured by what

Money

Why did the Columbian Exchange lead to an increase in the demand for skilled labor in Europe

An abundance of raw materials from the New World needed to be made into finished goods.

Why did the Europeans treat the slaves so badly during the Middle Passage

They viewed them as property rather than as people.

Why did Spanish colonists begin to rely more heavily on the Atlantic slave trade by the mid-1500s

Spanish legal restrictions and outbreaks of disease made it difficult to enslave indigenous populations.

Which statement accurately describes the fall of the Aztec empire

The Aztec Empire in modern-day Mexico was conquered by Hernán Cortés and his Spanish soldiers, who were called conquistadores.

How was the Atlantic slave trade different in the 1400s and 1500s than it was in the 1600s

In the 1400s and 1500s, more slaves were sold between African countries than across the Atlantic. In the 1600s, more slaves were sold across the Atlantic.

How did the Commercial Revolution spark European involvement in the African slave trade

Europeans began to structure their economies around international trade during the Commercial Revolution.

What was one major difference between the Commercial Revolution and the Industrial Revolution

The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.

The system of mercantilism is based on which concept

help

Consider the type of economic activity in Europe shown in this image. Which feature of European economic systems in the Americas supported this type of activity

Monopolies in the colonies controlled the trade of raw materials sent to Europe to be turned into finished goods.

What accurately describes the importance of Christopher Columbus

His voyage inspired European powers to begin exploring, conquering, and colonizing the Americas.

Who formed part of the middle class after the adoption of capitalism

Doctors, bank clerks, and accountants

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