Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point) Responses Chinese dynasties in Asia lost wealth from global trade. Chinese dynasties in Asia lost wealth from global trade. New economic ideas like mercantilism and capitalism enriched European economies. New economic ideas like mercantilism and capitalism enriched European economies. West African trading empires gained power as new resources became available. West African trading empires gained power as new resources became available. Silver mines contributed to the wealth of South American economies. Silver mines contributed to the wealth of South American economies.
New economic ideas like mercantilism and capitalism enriched European economies correctly analyzes the ways in which new systems of trade impacted the global economy.
The correct response that analyzes the ways in which new systems of trade impacted the global economy is: "New economic ideas like mercantilism and capitalism enriched European economies."
To arrive at this answer, you should examine each of the given responses and determine how they align with the question prompt.
- The first response suggests that Chinese dynasties in Asia lost wealth from global trade. This answer may be incorrect because it addresses only a specific region (Asia) and does not consider the impact on the global economy as a whole.
- The second response reiterates the same idea as the first response, which is not supported by the question prompt.
- The third response states that West African trading empires gained power as new resources became available. This response may be incorrect because it describes the impact on only one specific trading region (West Africa) and does not address the impact on the global economy.
- The fourth response suggests that silver mines contributed to the wealth of South American economies. This response may also be incorrect because it focuses on one specific resource (silver) and one region (South America), rather than considering the global impact.
Therefore, the correct response is the one that acknowledges the impact of new economic ideas like mercantilism and capitalism enriching European economies. These economic ideas led to increased trade, exploration, and colonialism, ultimately shaping the global economy during that period.
The correct analysis among the given options is:
- New economic ideas like mercantilism and capitalism enriched European economies.
- Silver mines contributed to the wealth of South American economies.
These two statements accurately describe how new systems of trade impacted the global economy. The adoption of mercantilism and capitalism in Europe led to the accumulation of wealth and the growth of European economies. Additionally, the discovery and exploitation of silver mines in South America brought significant wealth to the economies of those regions.