Renaissance quiz 2-women, printing press, and banking

what services did bankers provide

they served nobles, kings, and the catholic church and business people

they helped you get from one place to another

Why did banks go out of buisness during the 1300s?

they had too many loans to kings and didn’t repay them

What services did the Medici Bank provide for Europeans?

money changing

took in deposits

dealt in bills of exchange

converted out foreign money in to local money

Why did the Medici bank fail?

bad management decisions during bad economy

struggled to work the operations of their branchs

made bad loans

too focused on politics

What other activities did members of the Medici family do?

supporter of the arts

What role did the church play in banking and economy

They forbade people from charging interest

making people use bills of exchange

banned pawnbrokers from church

caused the poor to lose the ability to borrow money

difference between financial activities of bankers such as medici family and pawnbrokers?

bankers were respected and didn’t charge interest and only gave large loans to wealthy people

pawnbrokers charged interest, weren’t respected, and allowed the poor to borrow money.

What do banks profit from?

the borrowing and the repayment of money

why do people borrow money?

To make larger purchases

Why do people deposit money?

to use that money to purchase goods and services

Banks hold and exchange money

Was there a renaissance for women?

No, men didn’t want to educate their wives and daughters

They were making all women do the work and believed women shouldn’t get an education and deserve to be housekeepers

What are the four basic components of the printing process?

Type, ink, the printing press, and paper.

What was Gutenberg’s major printing work/project

The Bible

How many copies could you print in an hour?

240

What impact did the printing press have on politics and society during the 15^th and 16^th centuries?

The printing press caused mass communication

The circulation of information altered the structure of society, transcended borders, and threatened the power of political and religious authorities

How did the printing press affect academics and learning during the 15^th and 16^th centuries?

The increase in literacy due to the printing press’s abilities broke the monopoly of the literate elite

It reinforced the middle class

The printing press was a factor in establishing a community of scientists who could easly communicate their discoveries through journals

Authorship became more meaningful and profitable

Why didn’t paper work very well for Gutenberg, and what did he have to do to make it usable?

It didn’t work well because it was hard and slick, so it didn’t work well with oil-based ink. Gutenberg decided to dampen the paper to soften it