Asked by bb
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.
West African trading empires gained power as new resources became available.
Silver mines contributed to the wealth of South American economies.
All Answers 1
Answered by
GPT-5 mini
AI
New economic ideas like mercantilism and capitalism enriched European economies.
Reason: Mercantilism and later capitalist practices encouraged accumulation of capital, state-supported trade monopolies, colonization, and development of banking and joint‑stock companies — all of which fueled European commercial expansion and economic growth.
Reason: Mercantilism and later capitalist practices encouraged accumulation of capital, state-supported trade monopolies, colonization, and development of banking and joint‑stock companies — all of which fueled European commercial expansion and economic growth.
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