What is the name of the intellectual movement characterized by a renewed interest in theology and philosophy?
World History Chapter 10
| Question | Answer |
|---|---|
| Scholasticism | a twelfth-century intellectual movement that was characterized by a renewed interest in theology and philosophy |
| University | a center of learning in which students would travel far to learn from the best tutors |
| Vernacular | common spoken language |
What were the three classes of craft guilds?
- Apprentices.
- Journeymen.
- Masters.
What were two of the earliest universities begun in Europe?
10 Oldest Universities in Europe
- University of Bologna. Location: Bologna, Italy.
- University of Salamanca. Location: Salamanca, Spain.
- University of Paris. Location: Paris, France.
- University of Padua. Location: Padua, Italy.
- University of Naples Federico II. Location: Naples, Italy.
- University of Toulouse.
- University of Siena.
- University of Valladolid.
What did the first universities teach?
Early Modern universities initially continued the curriculum and research of the Middle Ages: natural philosophy, logic, medicine, theology, mathematics, astronomy, astrology, law, grammar and rhetoric. Aristotle was prevalent throughout the curriculum, while medicine also depended on Galen and Arabic scholarship.
What was the famous teaching method in medieval universities?
Much of medieval thought in philosophy and theology can be found in scholastic textual commentary because scholasticism was such a popular method of teaching.
How did medieval universities influence the modern world?
The medieval universities concentrated more on religion and the modern universities concentrated more on sciences, but the end outcome was the same. The students who attended the universities used the knowledge they gained and became the leaders of their society.
How did universities serve the needs of medieval society?
Students and teachers in Europe applied the medieval trend of guild organization to protect themselves from local laws, high prices, and prejudices. Wider needs within medieval society for people with skills and learning boosted student numbers, and universities grew to meet the demand.
What was the first medieval university?
List
| Ranking | Year | Name |
|---|---|---|
| 1 | C. 1088 (1158 charter granted) | University of Bologna |
| 2 | 1150 (1200 charter granted) | University of Paris |
| 3 | 1096–1167 (1248 charter granted) | University of Oxford |
| 4 | 1204 | University of Vicenza |
What were the functions of guilds?
Guilds were powerful associations of producers that trained craftspeople, maintained control over production, regulated competition and prices, and restricted the entry of new people into the trade. They had been granted the monopoly right to produce and trade in specific products by the rulers.
What were two functions of guilds?
They established a monopoly of trade in their locality or within a particular branch of industry or commerce; they set and maintained standards for the quality of goods and the integrity of trading practices in that industry; they worked to maintain stable prices for their goods and commodities; and they sought to …
How did the rise of guilds impact urbanization?
Answer Expert Verified The Guilds were associations of organized artisans and merchants who placed their craft and trade in a certain area. The rise of guilds ultimately led to a bigger flow of people moving in cities and developing new techniques and skills, also helping in the stabilization of middle class.
What were the two kinds of guilds?
There were two main types of guilds: merchant guilds for traders and craft guilds for skilled artisans.
How did guilds affect feudalism?
Guilds in the Middle Ages played an important role in society. They provided a way for trade skills to be learned and passed down from generation to generation. Members of a guild had the opportunity to rise in society through hard work. The guild protected members in many ways.
How did letters of credit affect merchants?
Letters of credit between merchants eliminated the need to carry large amounts of cash and made trading easier. Trading firms and associations formed to offer these services to their groups.
What are the advantages and disadvantages of letter of credit?
Advantages and Disadvantages of Letter of Credit
- Safely Expand Business Internationally.
- Highly Customizable.
- Seller Receives Money on Fulfilling Terms.
- Works as a Credit Certificate for Buyer.
- Seller is Free of Credit Risk.
- Quick to Execute for Creditworthy Parties.
- Payment Assured in Disputable Transactions.
- Timely Payments Leads to Better Cash Flow Planning.
What is difference between LC and BG?
Letter of credit is an financial document for assured payments, i.e. an undertaking of the buyer’s bank to make payment to seller, against the documents stated. A bank guarantee is a guarantee given by the bank to the beneficiary on behalf of the applicant, to effect payment, if the applicant defaults in payment.
Can LC be issued after shipment?
Also important in this respect is the “availability” of the LC. In general LCs are issued either at “sight LCs” or “Usance LCs.” For the latter payment is made after a specified number of days (as determined by the LC) – e.g. “90 days after shipment.”
What is latest date of shipment in LC?
Latest Shipment Date – The last date by which the shipment of the goods has to take place. This date should not be earlier than the Issue Date of the LC or later than the expiry date. If you modify the latest shipment date, the system will recalculate the shipment days on confirmation of the amendment.
What is the validity of LC?
90days
What is discrepancy in LC?
Discrepancy can be defined as an error or defect, according to the issuing bank, in the presented documents compared to the documentary credit, the UCP 600 rules or other documents that have been presented under the same letter of credit.
How do you clear a LC?
To clear the error code LC, simply remove power to the dishwasher for 15 minutes. This should reset the dishwasher and clear the error code. If the error code does not clear, there may be a LEAK SENSOR FAULT or the dishwasher has an actual WATER LEAK.
How do you avoid discrepancy?
Common practices to avoid discrepancies include:
- Maintain a record of stocks and their locations.
- Always place similar stocks together.
- Establish adequate procedures and properly train staff.
- Record all stock movements.
- Continuously investigate other causes of discrepancies.
What happens when LC expires?
When an LC is expired – it has ceased to exist – there is no LC. This means: 1) That, the general rules for refusing documents (i.e. UCP 600 article 14(b) and 16) do not apply. yyyy.” “Latest” reflecting the period of time after which the documents must be refused to be within the period set out by article 14(b).
What does LC 90 days mean?
A letter of credit can be LC 90 days, LC 60 days, or more rarely, LC 30 days: The “LC” stands for “letter of credit. This simply means that the funds promised in the letter of credit are due in 90, 30 or 30 days, or the guaranteeing bank is on the hook for the money.