How were European economies impacted by trade with Asia?(1 point)
Responses
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 grew wealthy and purchased many artistic and luxury goods.
They grew wealthy and purchased many artistic and luxury goods.
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 best response to the question about how European economies were impacted by trade with Asia is:
They grew wealthy and purchased many artistic and luxury goods.
This accurately reflects the economic benefits that European economies experienced through trade with Asia, particularly during periods such as the Age of Exploration and later during the colonial period, when imports of spices, textiles, and other luxury items significantly increased wealth in Europe.
