New economy and the formation of industrial society
Answers are for parents and teachers.
1
Write the chain of the price revolution (cause → effect).
Gold and silver from America → more money → higher prices → more production for the market.
2
Birja, bank, aksiya: explain each in one sentence.
Exchange — a permanent trading place; bank — an institution serving money matters; share — a right to a part of profit.
3
Who was an entrepreneur? Write three features.
Enterprising, competes in the market, gathers capital using hired labour.
4
Which cities grew thanks to new routes and which lost importance?
Lisbon, Seville, then Antwerp and London grew; the Italian trading cities lost importance.