AP World History : Trade, Commerce, and Market Competition 1450 to 1750
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Example Questions
Example Question #31 : Trade, Commerce, And Market Competition
Which of these European countries was the first to arrive in Japan and begin trading with the local population?
Portugal
Spain
France
The Netherlands
England
Portugal
The first contact between European civilization and Japan occurred in 1543. Soon after Portuguese traders and merchants in East Asia arrived in Japan and began trading with the local population. The Portuguese monopolized trade with East Asia in the early years of European exploration and colonialism, but were soon joined by the Dutch, the Spanish, the English, and the French. Trading between Japan and Portugal continued for another half-century, until the Tokugawa Period of isolationism began in Japan.
Example Question #11 : Trade, Commerce, And Market Competition 1450 To 1750
Which of these best describes the Hanseatic League?
A loose confederation of guilds and market towns in northern Europe
An alliance of nations with constitutional monarchies, against those still governed by absolutism
A confederation of towns and cities on the Dalmatian Coast during the invasion of Southern Europe by the Ottoman Empire
An alliance of anti-Catholic nations during the Protestant Reformation
An alliance of Catholic nations during the Catholic Counter Reformation
A loose confederation of guilds and market towns in northern Europe
The Hanseatic League was a loose confederation of guilds and market towns in northern Europe. It was first established in the fourteenth century and continued to be influential until the early nineteenth century. The Hanseatic League was created to protect the economic interests and sovereignty of cities and towns in northern Europe.
Example Question #31 : Trade, Commerce, And Market Competition
What was the primary advantage afforded by joint-stock companies?
They sanctioned the use of slave labor
They allowed for the pooling of investment and the sharing of risk
All of these were advantages afforded by joint-stock companies
They allowed individuals to make money independent of the monarchy
None of these were advantages afforded by joint-stock companies
They allowed for the pooling of investment and the sharing of risk
Joint-stock companies first emerged in Europe during the medieval period and became more common during the sixteenth century and the first wave of European exploration and colonialism. Joint-stock companies were created so that investors could pool their resources and negate personal risk. The Muscovy Company in London and the English East India Company are two early examples of joint-stock companies that were created to facilitate and monopolize trade.
Example Question #11 : Trade, Commerce, And Market Competition 1450 To 1750
_____________ traders controlled maritime trade in the Indian Ocean for several centuries before the emergence of the _____________ as the dominant traders in the fifteenth and sixteenth centuries.
Arab . . . Portuguese
Mongol . . . Dutch
Mongol . . . English
Arab . . . English
Mongol . . . Portuguese
Arab . . . Portuguese
Almost all of the trade in the Indian Ocean was dominated by Arab traders in the centuries leading up to the era of European exploration. In the fifteenth and sixteenth centuries, with the invention of the caravel and the establishment of Portuguese trading outposts throughout the Indian Ocean, the Portuguese began to take over maritime trade in the Indian Ocean.
Example Question #11 : Trade, Commerce, And Market Competition 1450 To 1750
The Spanish conquest of Manila was essential in facilitating the trade of __________ between the Americas and __________.
porcelain, Europe
spices, Europe
silk, Europe
gold, India
silver, China
silver, China
The Spanish conquest of Manila (in the Philippines) in 1571 was instrumental in facilitating the trade of silver between Spanish America and China. Silver, during this time period, was extremely valuable and in extremely high demand in Chinese society and most of the world’s supply of silver was coming from immensely profitable silver mines in Spanish owned South America.
Example Question #12 : Trade, Commerce, And Market Competition 1450 To 1750
What is considered the first historical investment bubble?
Tulip Mania
South Sea Bubble
the Dot-Com Bubble
the Great Depression
New York Realestate Bubble
Tulip Mania
Tulip Mania, which occurred in The Netherlands during the Dutch Golden Age from 1619-1622. It resulted in widespread speculation and over-investment in tulip bulbs throughout The Netherlands before the collapse of prices in 1622. At the peak of this phenomenon a single tulip traded at ten-times the average yearly salary of a skilled craftsman.
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