How were Asian economies impacted by trade across the Indian Ocean?(1 point) Responses Many traders lost money due to poor trade deals with Middle Eastern merchants. Many traders lost money due to poor trade deals with Middle Eastern merchants. They were able to expand their economies by trading with Europe. They were able to expand their economies by trading with Europe. They accumulated wealth from trading with the Middle East and Africa. They accumulated wealth from trading with the Middle East and Africa. Asian economies faced a recession due to the importation of African gold.
They accumulated wealth from trading with the Middle East and Africa.
The correct answer is: They accumulated wealth from trading with the Middle East and Africa.
Asian economies were greatly impacted by trade across the Indian Ocean, especially through the accumulation of wealth from trading with the Middle East and Africa. To understand this, we can look at the historical context and the trade routes involved.
During the period of intense trade across the Indian Ocean, which mainly took place between the 7th and 15th centuries, there was a significant amount of trade occurring between Asian regions and those across the Middle East and Africa. This trade involved various goods such as spices, porcelain, textiles, precious metals, and gemstones.
Asian merchants, particularly from regions such as India, China, and Southeast Asia, would export their goods to the Middle East and Africa in exchange for valuable commodities like gold, silver, ivory, and other luxury goods. This trade allowed Asian economies to accumulate wealth and expand their economic influence.
Furthermore, the trade routes across the Indian Ocean also facilitated cultural exchange, scientific knowledge, and the spread of ideas among different civilizations. This further stimulated economic growth and development in Asia.
To get this answer, it is important to study the history of Asian economies and the Indian Ocean trade, considering the historical context, trade routes, and patterns of trade during that time.
Asian economies were impacted by trade across the Indian Ocean in multiple ways, including:
1. Many traders lost money due to poor trade deals with Middle Eastern merchants.
2. They were able to expand their economies by trading with Europe.
3. They accumulated wealth from trading with the Middle East and Africa.
It is important to note that Asian economies did not face a recession due to the importation of African gold.