Oceanic Empires Review

How did joint-stock companies provide a solution for the high risk associated with international trade (and eventually colonialism)?

• They eliminated the risk associated with trade.

• They made it easy to deal with costs from one source.

• They consolidated the debt of a venture.

• They allowed investors to share the risk.

The Dutch East India Company was seen as practically a country but without any of the responsibilities of government nor accountability to the people it governed. What then was its main goal?

• To expand international trade

• To collect taxes

• To make money

• To find a route to the Americas

What role did joint-stock companies play in colonization during the Age of Exploration and after?

• They played the part of ambassadors for European governments, arranging diplomacy and trade agreements.

• They paid for the journeys to find new trade routes and then let governments take over once they were found.

• They turned the raw materials extracted from overseas colonies into highly profitable finished goods.

• They funded colonizing projects and performed colonial administration on the behalf of European governments.

What was created when an existing state such as Spain, Britain and France, traveled by water to establish control of territories far from home?

• An imperial rivalry

• A maritime empire

• The Ming dynasty

• A sublime empire

Which of the following was a major motivation for European maritime expansion starting in the fifteenth century?

• The desire to trade directly with Africans and Asians

• The desire to spread democracy

• The need for suitable land to establish settler colonies

• The need for industrial resources