How were European economies impacted by trade with Asia?(1 point)Which statement correctly compares how American and African economies were impacted by trade with Europeans?(1 point) Responses African and American economies accumulated wealth through the trade of fur, weapons, and textiles. African and American economies accumulated wealth through the trade of fur, weapons, and textiles. American and African economies suffered as people were enslaved and their resources were extracted. American and African economies suffered as people were enslaved and their resources were extracted. American and African economies suffered from trade taking place along the Silk Road. American and African economies suffered from trade taking place along the Silk Road. African and American economies benefited when the raw materials of their land were processed into new goods. Responses They made millions through the sale of luxury goods. They made millions through the sale of luxury goods. They experienced economic depression due to their own goods being devalued. They experienced economic depression due to their own goods being devalued. They grew wealthy and purchased many artistic and luxury goods. They grew wealthy and purchased many artistic and luxury goods. They were motivated to form permanent colonies in Asia after growing immense wealth

Answer 1

1. European economies were significantly impacted by trade with Asia as they made millions through the sale of luxury goods. This trade, particularly in items like silk, spices, and precious metals, led to economic growth and the accumulation of wealth in various European nations.

2. The statement that correctly compares how American and African economies were impacted by trade with Europeans is: “American and African economies suffered as people were enslaved and their resources were extracted.” This highlights the negative effects of European trade practices, including slavery and the exploitation of natural resources in both regions.