Question
The Columbian Exchange, Spanish exploration, and conquest
Google Classroom
Microsoft Teams
Problem
Print depicting a restored caravel
Image credit: Wikimedia Commons
How did New World colonization, enabled by the vessel above, affect the economy of Europe?
Choose 1 answer:
Choose 1 answer:
(Choice A) It caused rampant deflation, leading to many bankruptcies among borrowers
A
It caused rampant deflation, leading to many bankruptcies among borrowers
(Choice B) It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
B
It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
(Choice C) It allowed banking firms to have more power than European monarchies, which were deeply in debt
C
It allowed banking firms to have more power than European monarchies, which were deeply in debt
(Choice D) It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
D
It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
Report a problem
2 of 4
Google Classroom
Microsoft Teams
Problem
Print depicting a restored caravel
Image credit: Wikimedia Commons
How did New World colonization, enabled by the vessel above, affect the economy of Europe?
Choose 1 answer:
Choose 1 answer:
(Choice A) It caused rampant deflation, leading to many bankruptcies among borrowers
A
It caused rampant deflation, leading to many bankruptcies among borrowers
(Choice B) It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
B
It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
(Choice C) It allowed banking firms to have more power than European monarchies, which were deeply in debt
C
It allowed banking firms to have more power than European monarchies, which were deeply in debt
(Choice D) It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
D
It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
Report a problem
2 of 4
Answers
GPT-4o mini
The correct answer is:
**(Choice D)** It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism.
The influx of precious metals from the New World significantly impacted the European economy, facilitating trade, investment, and the development of a capitalist economy.
**(Choice D)** It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism.
The influx of precious metals from the New World significantly impacted the European economy, facilitating trade, investment, and the development of a capitalist economy.