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WHPN CH 11 Sec 2 & 3
History
| Question | Answer |
|---|---|
| What is an economy in which goods and services are exchanged for other goods and wervices without the use of money? | Barter Economy |
| What was a new method of production in which work is done in homes rather than in shops of factories? | Domestic System |
| What is the policy of charging interest on loans? | Usury |
| What is wealth earned, saved, or invested in order to produce profits? | Capital |
| What is an economy in which land, labor and capital are controlled by individuals? | Market Economy |
| What country became the first region to benefit from the new growth of trade? | Italy Shape as a peninsula, surrounded by water, made it a natual center for trade. |
| Why did fairs arise and how did they promote the exchange of goods? | Provided a Centralized Marketplace to exchange goods and served as a place for social functions, entertainment and the sharing of news. |
| Why did trade fall drastically after the 400s? | Thieves / Money Shortage / Poor Roads No Law and Order / Church Laws against Usury |
| Flanders became important as what type of trade center? | Textile or Woolen Trade A textile is Woven Material from Wool, cotton, camelhair, hemp, flax (Linen) |
| What region in Northeastern France was famous for the largest trade fairs? | Champagne, France 6 Fairs, each lasting 49 days |
| Manufacturing that takes place in workers homes is called? | Domestic System OR Cottage Industry |
| Waht do we call the economy that exchanges goods for other goods without money? | Barter Economy |
| What economic system developed in Europe, in which private individuals invested wealth in businesses in order to produce profits? | Capitalism |
| What activity develope in Italy from the word meaning the "Moneychanger's Table?" | Banking |
| Three developments grew out of the revival of European trade, name them? | Manufacturing, Banking System, Investing Capital (These 3 form the basis of the Capitalist System) |
| As towns grew the people who lived there were assured of four basic rights, what were they? | 1) Freedom 2) Exempt Status 3) Town Justice 4) Commerical Privileges |
| The Middle class was comprised of what types of people? | Merchants, Master Workers and Skilled workers |
| What were the Middle Class called in England? | Burgesses |
| What were the Middle Class called in France? | Bourgeoisie |
| What were the Middle Class called in Germany? | Burghers |
| Were Medieval Towns Large or Small? | Small (less than 2000 people) Located on top of a hill or at a bend in a river for defense from invaders |
| Name the two plagues of Mideval times? | 1)Bubonic Plague (not contagious)swelling, infection, fever 2)Pneumonic Plague (contagious, like pneumonia) |
| Because Germany lacked a centralized government, the German cites formed a trading alliance called what? | Hanseatic League |
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v2013l
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