Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point)
Responses
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.
New economic ideas like mercantilism and capitalism enriched European economies.
New economic ideas like mercantilism and capitalism enriched European economies.
Silver mines contributed to the wealth of South American economies.
Silver mines contributed to the wealth of South American economies.
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1 answer
The most accurate analysis regarding the ways in which new systems of trade impacted the global economy is:
New economic ideas like mercantilism and capitalism enriched European economies.
This option reflects the significant transformation in economic practices during the age of exploration and trade expansion, which particularly benefited European nations through new trade routes, resources, and the development of financial systems.
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