How were European economies impacted by trade with Asia?(1 point) Responses 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. They were motivated to form permanent colonies in Asia after growing immense wealth. 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.
1 answer
The most accurate response regarding the impact of European trade with Asia is: They grew wealthy and purchased many artistic and luxury goods.
This response reflects the significant influx of wealth that European nations experienced through trade with Asia, particularly in luxury items such as silk, spices, and precious metals, which greatly influenced their economies and cultural landscapes.
