Responses
Chinese dynasties in Asia lost wealth from global trade.
Chinese dynasties in Asia lost wealth from global trade.
New economic ideas like mercantilism and capitalism enriched European economies.
New economic ideas like mercantilism and capitalism enriched European economies.
Silver mines contributed to the wealth of South American economies.
Silver mines contributed to the wealth of South American economies.
West African trading empires gained power as new resources became available.
West African trading empires gained power as new resources became available.
1 answer
The correct analysis of the ways in which new systems of trade impacted the global economy is:
New economic ideas like mercantilism and capitalism enriched European economies.
This response accurately reflects how the evolving trade systems, particularly during the Age of Exploration and the rise of European imperial powers, influenced economic strategies and growth in Europe. Other options, while having some truth, do not capture the overarching impact as effectively as this response.
