Chapter 7 Section 2 outline Flashcards Preview

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Flashcards in Chapter 7 Section 2 outline Deck (11):
1

tools for navigation

compass
astrolabe

2

the compass was introduced during the

1100's

3

determined latitude of a ship

astrolabe

4

the commercial revolution was during

late 1400's to 1700's

5

stable currency
banking services became specialized

commercial revolution

6

investors bought shares in a company
these investors became co-owners

joint- stock company

7

country's wealth was based on the amount of gold they had

mercantilism

8

your goods are sold to other countries more than you buy

balance of trade

9

tax on imports

tariffs

10

role of the colonies

provide raw materials
could not trade with other countries.

11

people's desire to learn more increased
increased population
opportunity for quick profit.

social change