From Bullion to Bubbles

1. Spain shipped a great amount of gold and silver from the "New World" back to Spain.  Did this make Spain richer? Explain why or why not.
2. What is the word for the compensation paid to a lender? What is the word for the amount of the loan that is lent out?
3. Why was the earlier lending of money in Europe conducted by Jews?
4. What is usury?
5. How did the Medici's avoid the prohibition of usury?
6. How did the Medieval cities of Italy pay for their wars?
7. What are liquid assets?
8. Why would bonds be sold for lower than their face value?
9. What did John Law invent?
10. What was the single most important Dutch invention?
11. What was the Dutch spice merchants’ entrepreneurial business model in the late 17th century?
12. How did the world’s first true stock market came into existence?
13. What problem was faced by France when the "Sun King" died?
14. In what way was the bank created by John Law different from the Dutch central bank?