Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point) 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. West African trading empires gained power as new resources became available. West African trading empires gained power as new resources became available. Silver mines contributed to the wealth of South American economies.

Question

Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point) 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. West African trading empires gained power as new resources became available. West African trading empires gained power as new resources became available. Silver mines contributed to the wealth of South American economies.

Answer 1

The response 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 statement highlights how the emergence of new economic systems, particularly in Europe, led to increased wealth and power through trade, colonialism, and the accumulation of resources. While the other options provide some accurate information, they are not as directly reflective of the broad impact that new systems of trade had on the global economy as the selected response.