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.

New economic ideas like mercantilism and capitalism enriched European economies.
New economic ideas like mercantilism and capitalism enriched European economies.

Chinese dynasties in Asia lost wealth from global trade.
Chinese dynasties in Asia lost wealth from global trade.

Silver mines contributed to the wealth of South American economies.

1 answer

The response that correctly analyzes the ways in which new systems of trade impacted the global economy is:

New economic ideas like mercantilism and capitalism enriched European economies.

This statement accurately reflects how new trade systems and economic practices led to the growth and enrichment of European economies during this period.