Chapter 2: The Exapansion Of Trade Flashcards

1
Q

What did contact with Muslim civilization bring?

A

New ideas about medicine, astronomy, philosophy, mathematics, and ancient literature and goods such as oil, spices, and new varieties of fruit

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2
Q

What started trade with the east?

A

The Christian military crusades

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3
Q

How were goods transported?

A

Because of the great deal of trade goods were passed along by trading

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4
Q

Why was Italy such a great place to trade?

A

It was in the middle and it was surrounded by water

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5
Q

What were the most sought out goods and why?

A

Spices, because they added flavor to European food

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6
Q

Which country was collection of city states?

A

Italy

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7
Q

What is a city state?

A

A politically independent area and the hinterland around it

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8
Q

What was so great about Italy’s geography?

A

It was close to many countries and the sea which made transporting things easily

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9
Q

What were 2 results of the Christian military crusades?

A

Contact with Muslim civilization

Trade

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10
Q

What was so great about Italy’s climate?

A

The climate was milder, so trade wasn’t interrupted

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11
Q

What was so great about Italy’s leadership?

A

Most countries were monarchies, but Italy was a collection of city states, they had their own armies and governments

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12
Q

What was different about Italy’s social organization?

A

Feudalism wasn’t that big and nobles tended to move into towns where they took place in upper class society and became involved in politics

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13
Q

What were the four reasons had so much success?

A

Geography
Climate
Leadership
Social organization

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14
Q

Why was there rivalry among the city states?

A

They all wanted to expand their trade and businesses. And the hinterland was providing them with some resources

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15
Q

How did merchants make their money?

A

Merchants made money by purchasing good in one place and selling them for a higher price. As well as dealing other goods

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16
Q

Why did the Ciompi revolt?

A

Because there was high unemployment rate for those who did not belong to guilds, they wanted to form their own guilds but the government refused.

17
Q

What was the most important currency in London?

A

The coins from Florence called florin

18
Q

What were the our new business practices?

A

Partnerships and joint stock company
Banks
Bills of exchange
Insurance

19
Q

How did the Partnerships and Joint stock Company work?

A

Used to raise money using partner ships, by investing with more than one person

20
Q

How did banks work?

A

Provided money lending services as well as issuing bills of exchange

21
Q

How did Bills Of Exchange work?

A

You could deposit gold then travel and pick it up at another bank for easier and safer trading

22
Q

How did insurance work?

A

Paid a small fee to ensure your goods during travel

23
Q

What was aren’t of the Black Death?

A

People moved into towns

24
Q

What was the result of the rise of towns?

A

They disregarded feudalism and trade became really big

25
Q

What was a result of the Christian military crusades?

A

Contact with Muslim civilizations, new luxury items, and trade routes

26
Q

What was result of trade with the east?

A

New business practices and increased wealth

27
Q

What was a result of new business practices?

A

Easier ways to start a business, safer ways to travel