Responses
Silver mines contributed to the wealth of South American economies.
Silver mines contributed to the wealth of South American economies.
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.
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 statement that correctly 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 reflects the significant transformations in trade practices and economic theories during the period of exploration and expansion, ultimately leading to the growth of European powers.
