Chapter+3+sec.+12

Chapter 3 Section 12

Rachel Hollinger
 * Important People **

__** Johann Fugger **__ - a small-town weaver, he established a business in a new kind of cloth, and he enjoyed more than a local market. Gradually his family began to deal also in spices, silks, and other Eastern goods. They would lend money to the Renaissance popes, and to Charles V in order for him to obtain election as Holy Roman Emperor. They eventually became the bankers to Habsburgs and help to finance the Portuguese trade with Asia.

__** Martin Luther -**__ hated bankers like the Fuggers and continued to preach against usury, or avarice.

___

Chapter 3 Section 12: Graphic Organizer Nick Lapiana

Some new industries of the time period were mining, printing and book trade, shipbuilding, and the manufacture of cannons and muskets.

Chapter 3 Sec 12 Vocab Danetta

Shilling- a given unit of money

florins- a british coin worth two shillings

bullion- a coin struck from precious medals

tariffs- taxes

guildmaster- a small independent artisan spinster- an unmarried woman, english term

usury- loans with large or even abusive interest rates

merchantilism- the economic doctrine that government control of foreign trade is of paramount importance for ensuring the prosperity and military security of the state

//**Important people Ch. 3 Sec. 12**// Jake Seagriff


 * Johann Fugger-** The first of this influential family Johann made a living as a weaver. when his new cloth fustian became popular the Fuggars became wealthy. They also became involved in trade, with their new found wealth they lent money to people in power and became bankers. they had a lot of power and influence in this time period**.**

Ch 3 Section 12 Tara Stolarski

price revolution- a series of economic events that cause a steady rise in prices and a slow decline of the value of the form of money

commercial revolution- a period of European economic expansion, colonialism, and mercantilism which lasted from approximately the sixteenth century until the early eighteenth century. It was succeeded in the mid-eighteenth century by the Industrial Revolution

mercantilism- belief in the benefits of profitable trading; commercialism, an economic system that increases a nation's wealth by government regulation of all the nation's commercial interists

Michael Childs
=Commercial Revolution= The above picture represents the Commercial Revolution a time period between the 16-18 century. This was a time of new innovations, population growth, and expansion.

=Production of Cloth= This picture is showing a woman making cloth. This was an emminate factor during the Commercial Revolution. The growing production of cloth in early modern Europe depended on the labor of families in rural cottage industries.

Sam Petree Online Resource

commercial revolution overview- []

Anastasia Clayton
 * Discussion Questions Chapter 3 Section 12:**


 * 1. What was the putting-out system?**
 * A:** The putting out or domestic system was the practice of towns and guilds "putting out" the work to people in the country. Providing them looms and other equipment for the purpose.


 * 2. How did the people of Europe look at collecting intrest?**
 * A:** Most of the people in Europe looked down upon collecting intrest off of people. It was denounced as avarice. It was illegal in many places too, especially in canon law. Basically all of the types of churches spoke against it too. Even though it was looked down upon, it was still used.