Question

commercial revolution quiz
based on: unraveling the commercial revolution: a world history perspective
name:
date:
part a - multiple choice

1. the commercial revolution primarily took place during which period?

a) 1000 - 1200
b) 1300 - 1400
c) 1500 - 1700
d) 1800 - 1900

1. mercantilism can best be described as:

a) a system encouraging free trade with no government interference
b) an economic policy focused on maximizing exports and controlling colonies
c) a type of currency used in european markets
d) the practice of sharing profits equally among workers

1. which of the following innovations helped reduce risk in trade during the commercial revolution?

a) printing press and newspapers
b) banks, joint - stock companies, and bills of exchange
c) steam engines and railroads
d) guilds and apprenticeships

1. the influx of silver and gold from the americas caused:

a) deflation
b) inflation (rising prices)
c) a drop in trade activity
d) the end of european exploration

1. who benefited most from the commercial revolution?

a) peasants and rural farmers
b) merchants, bankers, and the urban middle class
c) serfs bound to the land
d) nomadic herders
part b - true / false

1. the commercial revolution increased the availability of goods and led to new consumer opportunities in europe.

• true
• false

Explanation:

1. The Commercial Revolution occurred roughly from the 15th - 17th centuries, expanding trade and economic systems.
2. Mercantilism aimed to increase a nation's wealth by maximizing exports, controlling colonies, and accumulating precious metals.
3. Financial institutions like banks, joint - stock companies, and bills of exchange spread risk in trade.
4. The influx of silver and gold from the Americas led to inflation as the money supply increased.
5. Merchants, bankers, and the urban middle class grew wealthy from trade expansion.
6. The Commercial Revolution indeed increased the availability of goods and new consumer opportunities in Europe.

Answer:

1. c) 1500 - 1700
2. b) An economic policy focused on maximizing exports and controlling colonies
3. b) Banks, joint - stock companies, and bills of exchange
4. b) Inflation (rising prices)
5. b) Merchants, bankers, and the urban middle class
6. True