4.5: Maritime Empires Maintained & Developed 1450-1750 t

Mercantilism emphasizes the importance of accumulating wealth, primarily gold and silver, through a favorable balance of trade and government regulation of the economy.

Which of the following best describes the core belief of mercantilism?

By exporting more than it imports, like gold.

According to mercantilist theory, how could a nation increase its wealth?

To provide raw materials and markets for the mother country.

In mercantilist economies, what was the primary function of colonies?

They allowed investors to pool resources and share risks in overseas trade ventures.

What was a key feature of joint-stock companies like the British East India Company?

The expansion of trade and commerce in Europe, driven by exploration and colonization. As well as introduction of global trade using silver and gold

What marked the beginning of the Commercial Revolution?

A trade system connecting Europe, Africa, and the Americas, exchanging goods, slaves, and raw materials.

Which route accurately describes the Triangular Trade?

exclusive control over particular goods and trade routes, limiting competition for those markets.

What did monopolies granted by the state often allow?

Rise of polygyny due to fewer men

What was a demographic effect of the transatlantic slave trade on Africa?

Africans blending Christianity with traditional beliefs

Which is an example of religious syncretism during European colonization?

Corruption in the Catholic Church, such as selling indulgences

What was a major cause of the Protestant Reformation?