How were Asian economies impacted by trade across the Indian Ocean?(1 point)
Responses
Asian economies faced a recession due to the importation of African gold.
Asian economies faced a recession due to the importation of African gold.
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 accumulated wealth from trading with the Middle East and Africa.
They accumulated wealth from trading with the Middle East and Africa.
They were able to expand their economies by trading with Europe.
They were able to expand their economies by trading with Europe.
The correct answer is:
They accumulated wealth from trading with the Middle East and Africa.
Explanation:
Asian economies were greatly impacted by trade across the Indian Ocean. They were able to accumulate significant wealth by engaging in trade with the Middle East and Africa. The Indian Ocean trade routes facilitated the exchange of goods, such as spices, silk, precious metals, and luxury items, between Asia, the Middle East, and Africa. This trade brought substantial economic benefits to Asian economies, allowing them to prosper and expand their wealth and influence. The exchange of goods and ideas also contributed to cultural diffusion and the spread of knowledge and technology throughout the region.