1.10 The Commercial Revolution

• What was a social impact of global expansion during the Commercial Revolution?

  Cultural exchange
• The rise of Amsterdam and London as major trading hubs led to significant cultural and economic changes.
• What were the two main consequences of the Commercial Revolution?

  Social and economic
• Increased trade and new financial practices led to economic growth
• What social change occurred during the Commercial Revolution?

  Emergence of a wealthy merchant class
• Increased trade during the Commercial Revolution led to cultural exchange.
• What financial innovation improved access to credit during the Commercial Revolution?

  Commercial banks
• Global expansion during the Commercial Revolution led to wealth accumulation through colonies
• Match the consequence with its impact:

  Increased Trade ↔️ Economic growth, new markets

  Financial Innovations ↔️ Improved access to credit

  Global Expansion ↔️ Wealth accumulation through colonies
• Which cities emerged as major trading hubs during the Commercial Revolution?

  Amsterdam and London
• The Commercial Revolution laid the groundwork for modern capitalism.
• What was the Commercial Revolution driven by?

  Increased trade and exploration
• The Medici Bank was a prominent example of the development of banking
• Which explorers opened new trade routes to the Americas and Asia during the Commercial Revolution?

  Columbus and da Gama
• What policies did governments implement to protect domestic industries during the Commercial Revolution?

  Mercantile policies
• Match the feature with its era:

  Local trade ↔️ Mercantile Practices

  International trade ↔️ Commercial Revolution
• The Commercial Revolution laid the groundwork for modern capitalism.
• What was the scale of trade during the Commercial Revolution?

  International
• The Medici Bank improved access to credit
• How did increased trade expansion impact Europe's economy during the Commercial Revolution?

  Greater prosperity
• What did the opening of new trade routes to the Americas and Asia create opportunities for?

  New commodities and markets
• Colonies provided European nations with raw materials and new markets.
• Match the European power with its key colonies or regions:

  Spain ↔️ Americas

  Portugal ↔️ Brazil, Asia

  England ↔️ North America, India
• The economic benefits from colonies led to increased competition and mercantilism
• What was the main driver of the Commercial Revolution's transformative economic changes?

  Increased trade and exploration
• Mercantile policies were a key factor driving the Commercial Revolution.
• Order the key factors driving the Commercial Revolution:

  1️⃣ Trade Expansion

  2️⃣ Exploration

  3️⃣ Financial Innovations

  4️⃣ Mercantile Policies
• Which commodities were key to the growth of new trade routes during the Commercial Revolution?

  Spices, textiles, precious metals
• Colonies provided European nations with new markets and raw materials.
• Match the European power with its primary economic activity in colonies:

  Spain ↔️ Exploitation of gold

  Portugal ↔️ Control of spice trade

  England ↔️ Access to raw materials
• What is the primary goal of mercantilism?

  Accumulate wealth
• Joint-stock companies reduced individual risk
• What is mercantilism?

  Protectionist policy to accumulate wealth
• Joint-stock companies reduced individual risk
• Mercantilism and joint-stock companies were significant during the Commercial Revolution.
• What was a primary goal of mercantilism?

  Accumulate national wealth
• Joint-stock companies enabled larger-scale ventures
• Place the purposes of mercantilism and joint-stock companies in the correct order:

  1️⃣ Accumulate national wealth (Mercantilism)

  2️⃣ Pool resources for large ventures (Joint-Stock Companies)
• The British Navigation Acts are an example of mercantilist policies.
• What is an example of a pioneering joint-stock company?

  Dutch East India Company