Which statement correctly compares how american and african economics were impacted by trade with europeans

Answer 1

Both American and African economies were significantly impacted by trade with Europeans, but in different ways.

In the case of America, the impact of trade was generally positive. The colonization of America and the establishment of European colonies led to the introduction of new crops, such as tobacco and maize, which significantly increased agricultural production. American natural resources, such as timber, furs, and minerals, were also highly sought after by European traders. Large-scale trade with Europe brought prosperity to some American colonies, such as Jamestown and New Amsterdam (later New York), and contributed to the growth of a mercantilist economy.

On the other hand, the impact of trade on Africa was more detrimental. European traders exploited Africa's resources, primarily by engaging in the Atlantic slave trade. The slave trade not only resulted in the loss of millions of Africans who were forcibly taken and sold as slaves but also disrupted local African societies and economies. Many African empires and kingdoms, which had previously thrived through internal trade networks, were destabilized and weakened. Additionally, the focus on exporting slaves hindered the development of other industries and stifled internal economic growth in Africa.

Overall, while trade with Europeans brought economic benefits to America, it had a predominantly negative impact on Africa, perpetuating economic exploitation and contributing to the underdevelopment of the continent.