| A | B |
|---|
| Guild | a type of trade association. All of the people who worked in one craft, such as baking or weaving. Protects the interests of their members, kinda like a "Union" |
| Apprentice | trained young people in a guild by a "master" |
| Capitalism | economic system based on trade and "capital", the name for $ used for investment. Supply and demand theory. Ex: when demand for a product is great, prices rise, and trades profit. When demand falls, traders are in TROUBLE! |
| Commercial Revolution | Business revolution, based on trade |
| Renaissance | "rebirth" Golden age in arts, literature, and sciences. Began in Italy, promotion of art and education |
| Humanism | curious and thoughtful about human life "NOW", in the present. Emphasis on human achievement |
| 95 Theses | Martin Luther's 95 complaints about the Catholic Church against indulgences, on the door of a church |
| Protestant Reformation | Inspired by Martin Luther, a period when Europeans broke away from the Catholic Church and formed new Christian Churches |
| Common Law | law that was the same for ALL PEOPLE!!! |
| Magna Carta | placed limits on the king's powr, ex, the monarch must obey the law and that the monarch could not raise taxes without first consulting his Great Council of lords and clergy |
| Parliament | Representative assembly in England |
| Martin Luther | German Monk who challenged Church on indulgences/abuses; starts Protestant Reformation |
