World History Chapter 10 quizlet

World History Chapter 10 quizlet

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