Question

Question
1
Question
2
Question
3
A)
Which of the following explains a result of the Commercial Revolution in Europe?
(1 point)
Spain experienced long-term wealth and economic power.
Global trade and exchange decreased.
The influx of silver caused inflation in European economies.
New World commodities were banned from Old World markets.
A)
Which quote from this section assesses a long term impact of British rule.
(1 point)
"Railroads connected economic centers across India.”
“Since the majority of India’s labor force was devoted to growing cash crops as raw materials for British
industry, Indian industry remained underdeveloped through the end of British rule.”
"Markets were restructured to suit industrial British interests, leading to high levels of unemployment in the
handicrafts industry.”
“...Poor farmers were oppressed by these high taxes. Meanwhile, political administrators received huge
payoffs from them.”
A)
Which statement accurate compares capitalism and mercantilism?
(1 point)
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer
choice.
Mercantilism seeks to encourage competition, while capitalism emphasizes the need for subsidies.
Mercantilism favors consumer choice, while capitalism emphasizes free markets.
Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes imports.
Question
4
Question
5
A)
Which of the following
best
explains how the rise of capitalism affected the lives of workers?
(1 point)
Workers were paid less to do unskilled jobs, but enjoyed access to cheaper manufactured goods.
Workers could set their own schedules.
Workers went to school for many years prior to starting in the factories.
Workers could sell the products they made themselves and keep the money.
A)
What is the definition of capitalism?
(1 point)
the sale of goods that you have produced through your own labor
the division of profits among the workers in a factory
the investment of wealth in trade or production in order to produce a profit
the concentration of wealth in the hands of the aristocracy

Answer 1

1) The influx of silver caused inflation in European economies.

2) “Since the majority of India’s labor force was devoted to growing cash crops as raw materials for British industry, Indian industry remained underdeveloped through the end of British rule.”

3) Mercantilism seeks to increase exports and decrease imports, while capitalism emphasizes consumer choice.

4) Workers were paid less to do unskilled jobs, but enjoyed access to cheaper manufactured goods.

5) the investment of wealth in trade or production in order to produce a profit