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.
Silver mines contributed to the wealth of South American economies.

Answer 1

Correct answers:
- New economic ideas like mercantilism and capitalism enriched European economies.
- Silver mines contributed to the wealth of South American economies.

Brief explanations:
- Mercantilism and emerging capitalist practices (joint‑stock companies, investment, colonial exploitation) helped concentrate wealth and power in Europe.
- Large silver mines in Spanish America (e.g., Potosí) became a major source of global silver, fueling European and Asian trade and generating wealth (though much of the profit flowed to Spain and European markets rather than equally to local populations).
- The other two statements are incorrect: Chinese dynasties generally received large inflows of silver and benefited from early modern trade rather than losing wealth, and many West African inland empires declined in influence as Atlantic trade shifted power to coastal states and European traders.