apwh vocab

Question 1

What is the definition of mercantilism?

Answer 1

An economic theory that emphasizes the role of the state in managing the economy, particularly through trade and accumulation of wealth.

Question 2

True or False: The term ‘Girondin’ refers to a political faction during the French Revolution.

Answer 2

True

Question 3

What is bullion?

Answer 3

Gold or silver in bulk form, typically used as a standard for monetary exchange.

Question 4

Fill in the blank: A __________ is a market structure where a single seller controls the entire supply of a product or service.

Answer 4

monopoly

Question 5

Which of the following is associated with the encomienda system?

Answer 5

The Spanish colonial practice of granting land and indigenous people to colonists for labor.

Question 6

Multiple Choice: What was a primary goal of mercantilism?

Answer 6

To increase national wealth through trade surplus.

Question 7

What does the term ‘Girondin’ signify in the context of the French Revolution?

Answer 7

A political group that advocated for a more moderate approach compared to the radical Jacobins.

Question 8

True or False: Bullion is primarily a term used to describe paper currency.

Answer 8

False

Question 9

What is one negative consequence of a monopoly?

Answer 9

Reduced competition leading to higher prices for consumers.

Question 10

Fill in the blank: The encomienda system was primarily used in __________.

Answer 10

Spanish colonies

Question 11

Multiple Choice: Which of the following best describes mercantilism?

Answer 11

An economic policy aimed at maximizing exports and minimizing imports.

Question 12

What role did the Girondins play during the French Revolution?

Answer 12

They were moderates who sought to prevent the excesses of the revolution.

Question 13

True or False: Bullion can only refer to gold.

Answer 13

False

Question 14

What is a common characteristic of a monopoly?

Answer 14

The absence of competition in the market.

Question 15

Fill in the blank: Mercantilism encourages the accumulation of __________.

Answer 15

bullion

Question 16

Multiple Choice: Which economic practice involves governmental control over trade?

Answer 16

Mercantilism

Question 17

What led to the decline of the Girondins during the French Revolution?

Answer 17

Their opposition to the radical changes proposed by the Jacobins.

Question 18

True or False: Encomienda was a system that benefited indigenous populations.

Answer 18

False

Question 19

What is the primary form of wealth in a mercantilist economy?

Answer 19

Precious metals, particularly gold and silver.

Question 20

Fill in the blank: A __________ is often established through government regulations to control a market.

Answer 20

monopoly

Question 21

Multiple Choice: Which of the following is NOT a characteristic of mercantilism?

Answer 21

Emphasis on free trade

Question 22

What was the Girondin stance on war during the French Revolution?

Answer 22

They generally supported war to spread revolutionary ideals.

Question 23

True or False: Bullion is a term that can refer to both gold and silver.

Answer 23

True

Question 24

What is a major criticism of monopoly practices?

Answer 24

They can lead to price fixing and reduced innovation.

Question 25

Fill in the blank: The encomienda system often resulted in the exploitation of __________.

Answer 25

indigenous peoples

Question 26

Multiple Choice: Which economic theory focuses on accumulating wealth through trade?

Answer 26

Mercantilism

Question 27

What did the Girondins advocate for in terms of government structure?

Answer 27

A constitutional government with limits on power.

Question 28

True or False: Mercantilism supports the idea of minimal government intervention in the economy.

Answer 28

False

Question 29

What is one purpose of accumulating bullion in a mercantilist economy?

Answer 29

To increase national power and influence.

Question 30

Fill in the blank: A __________ can lead to decreased choices for consumers.

Answer 30

monopoly

Question 31

Multiple Choice: What is the primary focus of the encomienda system?

Answer 31

Labor and land control in colonial territories.

Question 32

What was a significant outcome of the Girondin's political activities?

Answer 32

Their eventual suppression by more radical factions.

Question 33

True or False: Bullion is considered a form of currency.

Answer 33

False

Question 34

What is one way a government might create a monopoly?

Answer 34

Granting exclusive rights to a single company.

Question 35

Fill in the blank: Mercantilism was a dominant economic theory from the __________ to the 18th century.

Answer 35

16th century

Question 36

Multiple Choice: Which group was opposed by the Girondins?

Answer 36

The Jacobins

Question 37

What is a key feature of bullion in economic terms?

Answer 37

It serves as a store of value.

Question 38

True or False: A monopoly can foster innovation.

Answer 38

False

Question 39

What is the impact of mercantilism on colonial economies?

Answer 39

It often exploited colonies for resources and wealth.

Question 40

Fill in the blank: The __________ system was a means for the Spanish to control indigenous labor.

Answer 40

encomienda

Question 41

Multiple Choice: Which of the following is a goal of mercantilism?

Answer 41

To achieve a favorable balance of trade.

Question 42

What was the Girondin's view on the use of violence during the revolution?

Answer 42

They preferred reform over violence.

Question 43

True or False: Bullion can be freely traded on the market.

Answer 43

True

Question 44

What is a common method for monopolies to maintain control?

Answer 44

Limit competition through pricing strategies.

Question 45

Fill in the blank: Under the encomienda system, colonists were granted rights to __________ indigenous labor.

Answer 45

exploit

Question 46

Multiple Choice: What economic principle emphasizes the accumulation of wealth through trade?

Answer 46

Mercantilism

Question 47

What role did the Girondins play in the legislative assembly?

Answer 47

They were part of the moderate faction advocating for constitutionalism.

Question 48

True or False: Mercantilism encourages free market policies.

Answer 48

False

Question 49

What is the significance of bullion in international trade?

Answer 49

It serves as a measure of a country's wealth.

Question 50

Fill in the blank: A __________ can create barriers to entry for new competitors.

Answer 50

monopoly

Question 51

Multiple Choice: Which of the following describes the encomienda system?

Answer 51

A labor system used by the Spanish in the Americas.