Economic Systems and Historical Empires

The video reviews global trade around the 1500s, focusing on the Ottoman and Mughal Empires, their expansions, and cultural impacts. It discusses trade dynamics with China and Japan, highlighting their isolation policies. Africa's role in the Triangular Trade is examined, along with the impact of these trade networks on Europe, leading to the rise of mercantilism and the commercial revolution.

Which city became the capital of the Ottoman Empire after the conquest of Constantinople?

• Cairo

• Istanbul

• Baghdad

• Athens

Under which ruler did the Ottoman Empire reach its greatest geographical extent?

• Mehmed II

• Osman I

• Selim I

• Suleiman the Magnificent

What was a significant architectural contribution of the Mughal Empire?

• The Great Wall

• The Colosseum

• The Taj Mahal

• The Parthenon

Which European country was the first to establish trade links with India during the Mughal Empire?

• Spain

• Portugal

• France

• Netherlands

What was a primary reason for China establishing foreign enclaves during the Age of Discovery?

• To expand Chinese territory

• To convert Europeans to Buddhism

• To control trade and limit European influence

• To promote European culture

Which policy did Japan adopt to limit European influence during the Age of Discovery?

• Open trade

• Isolationism

• Alliance with Europe

• Colonization

What were the main exports from Africa in the global trade network post-1500?

• Slaves and raw materials

• Textiles and machinery

• Spices and silk

• Tea and porcelain

Which economic system linked European nations with their colonies during the Age of Exploration?

• Mercantilism

• Capitalism

• Feudalism

• Socialism

What was a key feature of mercantilism in the context of European colonial powers?

• Colonies were used to spread democracy

• Colonies existed for the benefit of the mother country

• Colonies were independent economic entities

• Colonies were primarily for religious conversion

What was a significant outcome of the commercial revolution in Europe?

• Establishment of new monetary and banking systems

• Decrease in wealth

• Decline in trade

• Isolation from global markets