Economic Practice and Development
AP European History · Flashcards
AP EUROPEAN HISTORY · FLASHCARDS
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QUESTION
Which economic system is characterized by private ownership and free markets?
QUESTION
What was the 16th-century economic impact of the influx of New World silver to Europe?
QUESTION
Which industrial sector was first transformed during the Industrial Revolution?
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ANSWER
Textile industry. Cotton production mechanization launched industrial manufacturing transformation.
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