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Capitalism

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Haylie Marvin

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Cards in this guide (16)
Who was for capitalism

capitalism was expressed in Adam Smith's Wealth of Nations (1776)

How is capitalism different from mercantilism

Capitalism is an economic system. Mercantilism is trading.

What term describes the shang dynasty

bronze Age China

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

Money

Which statement best explains the increase in the Atlantic slave trade in the 1700's

no

What do we mean when we say invisible hand

Adam Smith's invisible hand theory

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

They viewed them as property rather than as people.

What countries got took over by the ottoman empire in the 19th century

Countries took over by the ottoman empire in the 19th century include Moldavia, Somalia, Hungary, Egypt,

What is an example of coerced labor

A farmer forces people to work in the fields.

What defines the encomienda system

A legal system that allowed Spanish colonists to use indigenous peoples for labor

Which invention provided manufacturers with a new source of power for machines

Steam engine

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 Columbian Exchange was based on interactions between the Old World and .

The Americans

How did the holy roman empire change during the reign of Charles V

It became more active in the promotion of Catholicism in Europe.

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

Doctors, bank clerks, and accountants

The need for new trade routes to the east, the desire to spread Christianity, and competition between European countries all contributed to the

Beginning of European global exploration in the 15th and 16th centuries.

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