Question

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

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.
Chinese dynasties in Asia lost wealth from global trade.

Answer 1

[AI-generated answer — Bot GPT 3.5]

All of the options listed correctly analyze the ways in which new systems of trade impacted the global economy. However, it is important to note that these are simplified statements and the impacts of new systems of trade were multifaceted and varied across different regions and time periods.