Chapter 5 section 2 Flashcards
German trading cities joined together to form this league.
Hanseatic League
the Hanseatic league was formed becuase
Germany’s weak central government could not control trade
increase trade
how many cities became a member of the hanseatic league
100
dyes, medicine, silks, and spices are all examples of
luxury goods
cotton, cloth, linen, and art objects
manufactured goods
goods and services were exchanged for other goods and services without using money
barter economy
the system of manufacturing that developed during the middle ages…. Downsides
Small space
not much produced
domestic system
wealth that is earned, saved, or invested to make porfits
capital
land, labor, and capital controlled by the individuals
market economy
charging interest on loans
usury
Several German cities joined together to form the _______, which regulated trade when the German government was too weak to do so.
Hanseatic League
the ______, a series of military expeditions , spurred a revival of trade and led to economic growth throughout western Europe
crusades
manufacturing that took place in workers’ homes rather than in a shop or factory was called the _____
domestic system
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
the practice of _______, or charging interest on loans, was forbidden by the Christian church.
usury