Like this study set? Create a free account to save it.

Sign up for an account

Already have a Quizlet account? .

Create an account


A setup where merchants pooled their funds to finance a large-scale venture that would have been too costly for any indivual trader.

Joint-Stock Company/Corporation

A company that recruits people to invest in the company while the investors share the profit.

Bill of Exchange

A bill of exchange would be given by a banker to a merchant so the merchant could then exchange the bill for money in a distant city.


A person involved in trading and buying goods.


Lending money with interest.


Associates dominating an industry who passed laws and levied taxes.

Apprentice, Journeyman, Master

The three steps to becoming a Guild Master.


A policy by which a nation sought to export more than it imported in order to build it's supply of resources.

Trade Fairs

Where traders and local customers would meet to buy and trade goods. These fairs would be along popluar trade routes and rivers.


The cost of an item. When prices decrease more items are sold.


The need for an item. With more people, the demand increases.

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

Voice Recording