Which of the following analyzes the way the exchange of American silver impacted the economy of Spain?(1 point)ResponsesIt hurt individual traders, since the Spanish government was now in control.It hurt individual traders, since the Spanish government was now in control.It initially was a great source of wealth and then contributed to inflation.It initially was a great source of wealth and then contributed to inflation.American silver caused the Spanish currency to gain more value.American silver caused the Spanish currency to gain more value.It led to the decline of trading empires such as the Songhai.It led to the decline of trading empires such as the Songhai.

Question

Which of the following analyzes the way the exchange of American silver impacted the economy of Spain?(1 point)ResponsesIt hurt individual traders, since the Spanish government was now in control.It hurt individual traders, since the Spanish government was now in control.It initially was a great source of wealth and then contributed to inflation.It initially was a great source of wealth and then contributed to inflation.American silver caused the Spanish currency to gain more value.American silver caused the Spanish currency to gain more value.It led to the decline of trading empires such as the Songhai.It led to the decline of trading empires such as the Songhai.

Answer 1

It initially was a great source of wealth and then contributed to inflation.

Answer 2

The correct response is: It initially was a great source of wealth and then contributed to inflation.

Answer 3

To analyze the way the exchange of American silver impacted the economy of Spain, we need to evaluate the options provided.

Option 1: "It hurt individual traders, since the Spanish government was now in control."
This option suggests that the control of the Spanish government had a negative impact on individual traders. However, it does not specifically address the impact of American silver on the economy of Spain.

Option 2: "It initially was a great source of wealth and then contributed to inflation."
This option suggests that initially, the exchange of American silver was beneficial as it provided wealth. However, it also states that it eventually led to inflation. This indicates that the impact of American silver on the Spanish economy was not entirely positive.

Option 3: "American silver caused the Spanish currency to gain more value."
This option implies that the exchange of American silver resulted in an increase in the value of the Spanish currency. This could suggest a positive impact on the Spanish economy.

Option 4: "It led to the decline of trading empires such as the Songhai."
This option addresses the impact of the exchange of American silver on trading empires such as the Songhai, but does not provide specific information about the impact on the Spanish economy.

To accurately analyze the impact of the exchange of American silver on the economy of Spain, options 2 ("It initially was a great source of wealth and then contributed to inflation") and 3 ("American silver caused the Spanish currency to gain more value") provide relevant information. Further research and analysis would be needed to determine the exact effect and consequences of this exchange on the Spanish economy.