Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?

Question

A. Chinese dynasties in Asia lost wealth from global trade
B. New economic ideas like mercantilism and capitalism enriched European economies
C. Silver mines contributed to the wealth of South American economies
D. West African trading empires gained power as new resources became available

Answer 1

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

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

This statement highlights the transformative economic concepts that arose in Europe during the age of exploration and trade expansion, which significantly influenced economic practices and relationships globally. While other statements contain elements of truth, they are less comprehensive in addressing the broader impact on the global economy.