Question

unraveling the commercial revolution: a world history perspective
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
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 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:
2. 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 opportunities in europe.

true
false

Explanation:

1. The Commercial Revolution took place from the 1500s - 1700s, characterized by increased global trade and economic growth in Europe.
2. Mercantilism aimed to maximize a nation's wealth by maximizing exports and controlling imports.
3. Banks, joint - stock companies, and bills of exchange reduced trade risks by providing financial stability and risk - sharing mechanisms.
4. The influx of silver and gold from the Americas caused inflation (price - increases) in Europe.
5. Merchants, bankers, and the urban middle class benefited most from the Commercial Revolution due to increased trade and business opportunities.
6. The Commercial Revolution indeed increased the availability of goods and opportunities in Europe through expanded trade networks.

Answer:

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