World History Chapter 10 quizlet – Flashcards
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Barter
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To exchange things for goods
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Silk Road
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The northern trade route
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Markets
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A place to sell produce and goods
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Trade Fairs
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A bigger market, attracted many alien merchants
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Moneychangers
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Judged the approximate value of coins
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Moneylenders
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Same as moneychangers
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Letters of Credit
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Like modern day checks, exchanged for money
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"Just Price"
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A fair price for an item
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Usury
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The practice of charging intrest
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Town Charter
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A charter signed by aLord granting a town to be established
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Merchant Guild
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Guarded the trade interests of the merchants by giving them a monopoly of the town's trade
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Craft Guild
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Regulated the hours its members worked, wages earned, and number of employees hired
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Apprentice
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A training stage as a young boy
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Journeyman
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A day laborer, could go look for employment
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Master
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Required years of training and funds
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Hanseatic League
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The most famous guild between cities
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Bourgeoisie
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Middle Class property owners, capitalists
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Burg
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A walled town
