To analyze the ways in which new systems of trade impacted the global economy, let's examine each response:
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New economic ideas like mercantilism and capitalism enriched European economies. - This statement is accurate. Mercantilism emphasized the accumulation of wealth through trade, and capitalism later developed alongside global trade routes, leading to economic growth in Europe.
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West African trading empires gained power as new resources became available. - This statement is also correct. As European demand for resources such as gold, ivory, and later slaves increased, West African trading empires, like the Kingdom of Mali and the Ashanti Empire, grew wealthier and more influential due to their involvement in global trade networks.
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Silver mines contributed to the wealth of South American economies. - This statement is true as well. The discovery of silver in places like Potosà significantly bolstered the economies of Spanish colonies in South America, contributing to the global economy as silver was traded extensively.
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Chinese dynasties in Asia lost wealth from global trade. - This statement is generally misleading. While certain periods in Chinese history saw challenges due to European imperialism and trade imbalances, overall, China was a significant player in global trade, exporting silk, tea, and porcelain, often benefiting economically from trade with the West.
Out of all these responses, the first three (mercantilism and capitalism, West African trading empires, and silver mines) correctly analyze the positive impacts of new trade systems. The last one about Chinese dynasties does not accurately reflect the overall impact of global trade on their economy.
Thus, the most comprehensive and correct responses are the first three:
- New economic ideas like mercantilism and capitalism enriched European economies.
- West African trading empires gained power as new resources became available.
- Silver mines contributed to the wealth of South American economies.