Chapter 5 section 2 Flashcards Preview

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Flashcards in Chapter 5 section 2 Deck (17):
1

German trading cities joined together to form this league.

Hanseatic League

2

the Hanseatic league was formed becuase

Germany's weak central government could not control trade
increase trade

3

how many cities became a member of the hanseatic league

100

4

dyes, medicine, silks, and spices are all examples of

luxury goods

5

cotton, cloth, linen, and art objects

manufactured goods

6

goods and services were exchanged for other goods and services without using money

barter economy

7

the system of manufacturing that developed during the middle ages.... Downsides
Small space
not much produced

domestic system

8

wealth that is earned, saved, or invested to make porfits

capital

9

land, labor, and capital controlled by the individuals

market economy

10

charging interest on loans

usury

11

Several German cities joined together to form the _______, which regulated trade when the German government was too weak to do so.

Hanseatic League

12

the ______, a series of military expeditions , spurred a revival of trade and led to economic growth throughout western Europe

crusades

13

manufacturing that took place in workers' homes rather than in a shop or factory was called the _____

domestic system

14

at medieval fairs, business was first done through a _________, where goods and services were exchanged for other goods and services without using money.

barter economy

15

the practice of _______, or charging interest on loans, was forbidden by the Christian church.

usury

16

manufacturing, banking, and investing were the first steps toward a _________ where land, labor, and capital are controlled by individual persons.

market economy.

17

European merchants made their highest profits from selling ______ goods, such as dyes, medicines, and silks and spices

luxury