Chapter 7 Section 2 outline

Question 1

tools for navigation

Answer 1

compass

astrolabe

Question 2

the compass was introduced during the

Answer 2

1100’s

Question 3

determined latitude of a ship

Answer 3

astrolabe

Question 4

the commercial revolution was during

Answer 4

late 1400’s to 1700’s

Question 5

stable currency

banking services became specialized

Answer 5

commercial revolution

Question 6

investors bought shares in a company

these investors became co-owners

Answer 6

joint- stock company

Question 7

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

Answer 7

mercantilism

Question 8

your goods are sold to other countries more than you buy

Answer 8

balance of trade

Question 9

tax on imports

Answer 9

tariffs

Question 10

role of the colonies

Answer 10

provide raw materials

could not trade with other countries.

Question 11

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

Answer 11

social change