UNIT 4 THE LATE MIDDLE AGES

The Late Middle Ages was a period of

• sackings and invasions

• subsistence agriculture

• economic development

• the population decreased

A mint is

• a place to get promissory notes

• a place to get a loan

• a place where coins are made

A craft guild is

• an association of Venetian traders

• a bank

• an association of a particular profession

An apprentice

• had up to 15 years' experience

• had up to 13 years' experience

• had up to 12 years' experience

A promissory note was

• a loan given by a banker

• a passport given to travel

• a document asigned to a particular person in place of money

Bankers lent money

• in exchange for food

• in exchange for interests

• in exchange for clothes

The Hanseatic League was a

• traders' association

• craft guild

• bankers' association

Traders' associations consisted of

• groups of sailors from different places

• groups of merchants from different cities

• groups of costumers from a city

The Hanseatic League established

• maritime routes across the Mediterranean an Atlantic Ocean

• land routes which crossed Central Europe

• both

Fairs were

• small city markets held on Mondays

• large markets held for several days at specific times

• textile markets held every Sunday