Question 1

What is capital, in economics?

Accepted Answer

Material wealth that enabled the economy

Question 2

What was the commercial revolution?

Accepted Answer

The creation of a European economy based on trade, leading to the Columbian Exchange

(started in the 11th century, with a European interest in Asian goods during the crusades; ended with the Industrial Revolution and the modern economy)

Question 3

What is the price revolution?

Accepted Answer

A period of high inflation and rise in prices

(occurred during the 16th and 17th centuries)

Question 4

What are joint-stock companies?

Accepted Answer

Companies owned by investors that bought shares

Question 5

What is limited liability?

Accepted Answer

The principle that an investor is not responsible for a company's debts

Question 6

What role did the Dutch play in commercial Europe?

Accepted Answer

The Dutch acted as the middlemen, having trade routes all across the globe

Question 7

How did the slave trade influence polygyny in Africa?

Accepted Answer

Many more men were taken as slaves than women, leading to imbalanced gender distributions

(since there were so many more women than men, men would take multiple wives)

Question 8

What is syncretism?

Accepted Answer

The mixing of various religious beleifs

Question 9

Who was the Virgin of Guadalupe?

Accepted Answer

A religious figure in Mexico that symbolized Christianity

Question 10

What are viceroys?

Accepted Answer

Rulers that exist in colonies to enact the policy of a foreign government

(the Spanish sent viceroys into the Americas)

Question 11

What are audiencias?

Accepted Answer

A type of Spanish royal court in Latin America

(Spanish settlers could appeal viceroys' decisions)

4.5 - Expansion of Maritime Empires, AP World History: Modern Flashcards