Question
Increasing European interest in African gold was driven by
a) increasing demand for bulk goods from Asia.
c) the need for a less cumbersome medium of exchange.
e) high levels of debt in Europe.
a) increasing demand for bulk goods from Asia.
c) the need for a less cumbersome medium of exchange.
e) high levels of debt in Europe.
Answers
GPT-4o mini
The increasing European interest in African gold was primarily driven by **c) the need for a less cumbersome medium of exchange.**
Historically, gold has been a sought-after commodity due to its value and portability compared to bulk goods. As European economies developed and trade expanded, gold became a key medium of exchange and a store of value, leading to heightened interest in gold sourced from Africa, which was rich in gold deposits.
While other factors such as demand for goods and economic conditions played a role in Europe's engagement with Africa, the direct interest in gold is closely linked to its function as a medium of exchange.
Historically, gold has been a sought-after commodity due to its value and portability compared to bulk goods. As European economies developed and trade expanded, gold became a key medium of exchange and a store of value, leading to heightened interest in gold sourced from Africa, which was rich in gold deposits.
While other factors such as demand for goods and economic conditions played a role in Europe's engagement with Africa, the direct interest in gold is closely linked to its function as a medium of exchange.