Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?
1. West African trading empires gained power as new resources became available.
2. New economic ideas like mercantilism and capitalism enriched European economies. *
3. Chinese dynasties in Asia lost wealth from global trade.
4. Silver mines contributed to the wealth of South American economies.
1 answer
2. New economic ideas like mercantilism and capitalism enriched European economies.