Vocabulary
What is age of exploration
A period from the 15th to the 17th century when European countries explored and colonized new lands across the world.
What Is Black Death?
A widespread plague in the 14th century that killed millions in Europe, significantly impacting society and the economy.
What is a want(Give 7 examples)
A want is something we wish to have or desire but it is not essential for survival.
(Your examples)
What were the role of the peasent/serf
They were the lowest rank of the people and were farmers that worked for lords.
What is Barter
The exchange of goods and services directly for other goods and services without using money.
What is Profit
The money made from a business after all expenses have been paid.
What is are needs(Give 3 examples)
Needs are something u need to survive for example food
(Your examples)
What is the difference between serfs and peasents
What are the Medici Family
A powerful banking family in Renaissance Italy known for their support of the arts and influence in politics.
What are Age of Exploration
A period from the 15th to the 17th century when European countries explored and colonized new lands across the world.
Is clothes a want or need
What is the role of the knight
The role of the knight were to protect the lords land or monarch in exchange for food,etc
What are Joint-Stock Company
A business arrangement where multiple investors share the risks and profits of a commercial venture.
What is Usury
The practice of lending money at extremely high-interest rates, often considered unethical.
In between
What are all the ranks in order (lowest to highest)
Serf,peasent,knight,noble,monarch
What is Feudalism
A social and economic system in medieval Europe where land was owned by lords, and serfs worked the land in exchange for protection.
What is are Banking Systems
Institutions and processes that manage money, including accepting deposits, providing loans, and facilitating transactions.
Explain scarcity
Rare,Limited
How many percent of people were peasents/serfs
90 percent