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Industrial Revolution

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Immanuel Cremin

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2y ago
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Cards in this guide (13)
Which of these economic systems developed as European countries began establishing overseas colonies

mercantilism

What is the concept of European mercantilism during the age of exploration

fu

What transactions are most similar to the actions of joint-stock companies during the Age of Exploration

An oil company owner convinces investors to help pay for a new oil refinery in exchange for a portion of the refinery's profits.

What actions would be favored by a government that supports a mercantilist economy

Answer this question… A merchant uses resources found in his own country to make goods to sell in other countries.

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.

What development contributed to the eventual rise of capitalism in Europe

The expansion of the consumer market during the commercial revolution.

Who would be a member of the bourgeoisie According to Marxist theory

A factory Owner

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

Doctors, bank clerks, and accountants

What development during the late Middle Ages laid the foundation of capitalism in Europe

the decline of agricultural economies

What major problems accompanied the rise of capitalism

Pollution and social inequality

How did capitalist policies differ from mercantilist policies in 18th- and 19th-century Europe

Under capitalism, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.

Which person best represents the values of Romanticism

A poet who describes a beautiful river in vivid detail.

Which factor would most likely cause the supply of a company's product to decrease

The company decides to go into a different line of business.

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