UAE L3- THE AGE OF DISCOVERY

1. What is called the Age of Discovery?

Ans: - Before the 14th century CE, European understanding of world geography was incomplete. The
shape of the ocean and continents on medieval map were not very accurate. This changed when Europe
entered a new, adventurous period in the early 15th century CE. This period of history is called Age of
Discovery in Europe.

2. How did Europe become a global power?

Ans: - The Age of Discovery was the period when Europe became a global power. During this period
the trade route expanded, and trade increased. Explorers sailed the oceans and established colonies all
over the world. Exploration and exploitation of foreign lands created great wealth for Europe.

UAE L4- THE FUR AND SPICE TRADES

1. Which are the goods are popular in Europe during the age of discovery?

Ans: - During the age of discovery, furs and spices were two of the most popular goods in Europe.

2. Which are the spices products could not be found in Europe?

Ans: - Spices such as nutmeg, cloves, pepper, cinnamon, ginger, and mace could not be found in
Europe

UAE L7 – THE EAST INDIA AND HUDSON’S BAY COMPANIES

1. What is joint-stock company?

Ans: - In a joint – stock company, outside investors can buy stock or shares of the company. Then,
when the company makes a profit, it gives some of that profit back to its investors.

Example: - East India company, Hudson’s Bay Company

2. What is the importance of charter in East India company’s trade?

Ans: - The queen ‘Elizabeth I’ agreed to fund merchants’ voyage, and even signed a charter that gave
the merchants exclusive trading rights in the East Indies. This charter was a powerful document. It not
only gave the new company a monopoly on all trade between England and the East Indies but allowed
the company’s ship to carry large amounts of bullion to trade with.