CCSS2 Unit 9 Chart on the economy in the Early Modern Age (p.167)

Please correct your answers by making sure they more or less match the ones below.

Sector of the Economy	What remained the same?	What changed?	Vocabulary
AGRICULTURE	1.Harvests were not very abundant because they continued using traditional methods. 2. The feudal system continued.	1.New land had to be cultivated to feed the growing population. 2. It became more comming to pay free peasants for their work. 3. There was an increase in the leasing of land.	Leasing: renting
CRAFTWORK	1. The industry continued to be controlled by guilds.	1. The domestic system appeared.	Domestic system: Merchants supplied the peasants (workers) with the raw materials, which they elaborated in their homes and gave back to the merchant to sell.
TRADE	X	1. The industry grew because of products from the Americas and Asia.  2. Ships went in fleets to protect them from pirate attacks.  3. There were new methods of payment, like Bills of Exchange.	Bill of Exchange: a document where one person promises to pay another a certain amount of money on a specific date. Joint-stock companies:  Companies owned by several shareholders Shareholders: people who own shares (investments) in a company, which they can make a profit from if the company succeeds. The profit is proportional to the number of shares they have. Shares: small investments in a company ("acciones")