Question
Print depicting a restored caravelImage 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 allowed banking firms to have more power than European monarchies, which were deeply in debt
A
It allowed banking firms to have more power than European monarchies, which were deeply in debt
(Choice B) It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
B
It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
(Choice C) It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
C
It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
(Choice D) It caused rampant deflation, leading to many bankruptcies among borrowers
D
It caused rampant deflation, leading to many bankruptcies among borrowers
How did New World colonization, enabled by the vessel above, affect the economy of Europe?
Choose 1 answer:
Choose 1 answer:
(Choice A) It allowed banking firms to have more power than European monarchies, which were deeply in debt
A
It allowed banking firms to have more power than European monarchies, which were deeply in debt
(Choice B) It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
B
It brought a great deal of gold and silver into Europe, stimulating the banking industry and promoting Europe’s transition to capitalism
(Choice C) It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
C
It devastated the business of European farmers who grew tomatoes and potatoes, as New World imports of these crops undercut their sales
(Choice D) It caused rampant deflation, leading to many bankruptcies among borrowers
D
It caused rampant deflation, leading to many bankruptcies among borrowers
Answers
GPT-4o mini
The most accurate answer is:
**(Choice B)** 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 wealth from the New World significantly influenced the European economy, contributing to the rise of capitalism and financial institutions.
**(Choice B)** 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 wealth from the New World significantly influenced the European economy, contributing to the rise of capitalism and financial institutions.