Name ____________________________________________________ Date _____________________
SECTION QUIZ
CHAPTER
20
The Columbian Exchange and
Global Trade
Section 4
A. Term sand Names If the statement is true, write true on the line. If it is false, change the
underlined word or words to make it true.
Example:
The Columbian Exchange began with the arrival of Christopher Columbus in
the Caribbean. __________________________true__________________________
Example:
The transfer of disease that was part of the Columbian Exchange was most
deadly
to
the
native
peoples
of
Europe.
___________the
Americas___________
1. The joint-stock company of the 1500s and 1600s was very similar to today’s corporation.
_____________________________________________________________
2. Capitalism is an economic system based on public ownership of property and the
investment of wealth to earn profit. __________________________________________
3. Most European joint-stock companies of the 1500s and 1600s were founded for the
purpose of fighting wars.___________________________________________________
4. New business and trade practices in Europe during the 16th and 17th centuries took place
before the establishment of colonial empires in the Americas.________________
5. As part of the Columbian Exchange, corn and potatoes were carried west across the
Pacific Ocean for the first time. _____________________________________________
6. As part of the Columbian Exchange, tobacco and tomatoes were carried west across the
Pacific Ocean for the first time___________________________________________
7. According to mercantilism, a favorable balance of trade results when the value of the
goods sold by a country equals the value of the goods bought by that country.________
8. The main purpose of a joint-stock company during the 1500’s and 1600’s was to share the
risks and profits of colonial Investments. _______________________________________
9. The global transfer of foods, plants, and animals during the colonization of the Americas
is known as the Columbian Exchange. __________________________________________
10. The economic system of mercantilism is based on private ownership and the investment
of wealth for profit. _______________________________________________
11. The main purpose of the joint-stock companies in the 1500’s and 1600’s was to fund the
slave trade. ____________________________________________
12. New wealth from the Americas and the growth of in overseas trade prompted a wave
of new businesses and trade practices. ________________________________________
13. One effect in Europe of the financial success of American colonies was prices of goods
steadily decreased. _____________________________________