How were European economies impacted by trade with Asia?(1 point)

Responses

They made millions through the sale of luxury goods.
They made millions through the sale of luxury goods.

They were motivated to form permanent colonies in Asia after growing immense wealth.
They were motivated to form permanent colonies in Asia after growing immense wealth.

They grew wealthy and purchased many artistic and luxury goods.
They grew wealthy and purchased many artistic and luxury goods.

They experienced economic depression due to their own goods being devalued.

1 answer

The most accurate response would be: They grew wealthy and purchased many artistic and luxury goods.

Trade with Asia, particularly during the age of exploration and the establishment of trade routes, allowed European economies to thrive as they imported valuable goods such as silk, spices, and other luxury items, leading to increased wealth and the consumption of art and luxury products in Europe.