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Question
Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point)
Responses
Silver mines contributed to the wealth of South American economies.
Silver mines contributed to the wealth of South American economies.
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.
Chinese dynasties in Asia lost wealth from global trade.
Chinese dynasties in Asia lost wealth from global trade.
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1 answer
The correct analysis of the ways in which new systems of trade impacted the global economy is:
New economic ideas like mercantilism and capitalism enriched European economies.
This response effectively illustrates how the rise of new trade systems and economic theories during this period contributed to the economic growth and development of European nations. The other options provide some context but do not capture the overarching impact of new trade systems as clearly.
