Question

Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point) Responses 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. New economic ideas like mercantilism and capitalism enriched European economies. New economic ideas like mercantilism and capitalism enriched European economies. Chinese dynasties in Asia lost wealth from global trade.

Answer 1

The response that best analyzes the ways in which new systems of trade impacted the global economy is:

New economic ideas like mercantilism and capitalism enriched European economies.

This answer highlights the significant impact of evolving economic theories and practices on the wealth and power dynamics in Europe, which were closely tied to the expansion of global trade networks. The rise of mercantilism emphasized the importance of accumulating wealth through trade, while the innovations of capitalism laid the groundwork for modern economic systems.

While the other statements have varying degrees of truth regarding regional impacts, the influence of economic ideas directly shapes how economies interact on a global scale.