GH2 -HW 41         6-03-4

Read pages 410-415
complete (1-6) on page 415

1.  Identify: Columbian exchange, putting out system

2. Define: inflation, capitalism, entrepreneur, joint stock company, mercantilism, tariff

3. How did the voyages of Columbus lead to global exchanges of goods and ideas?

4. Explain how each of the following contributed to economic changes in Europe in the 1500's and 1600's:
(a) the price revolution, (b) capitalism, (c) mercantilism

5. Choose on social group.  Explain how the lives of that group changed during the 1500's and 1600's.

6. Critical Thinking:  "The treasure which is brought into the realm by the balance of
our foreign trade is that money which only does abide with us, and by
which we are enriched."
How does this statement reflect mercantilist thinking?