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. Asian economies faced a recession due to the importation of African gold. Asian economies faced a recession due to the importation of African gold. 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 were impacted by trade across the Indian Ocean in several ways. One of the impacts was that many traders lost money due to poor trade deals with Middle Eastern merchants. Additionally, Asian economies faced a recession due to the importation of African gold. However, it is worth noting that they were able to expand their economies by trading with Europe. Furthermore, Asian economies also 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 significantly impacted by trade across the Indian Ocean, particularly through the accumulation of wealth from trading with the Middle East and Africa. This trade network allowed Asian merchants to exchange goods such as spices, textiles, and luxury items like porcelain and silk with Middle Eastern and African counterparts. The traders would acquire these commodities from various regions in Asia and then transport them across the Indian Ocean for trade.
To arrive at this answer, one can analyze the historical accounts and documents of the period, which provide evidence of the accumulation of wealth by Asian economies through trade with the Middle East and Africa. Studying primary sources such as trade records, travelers' accounts, and economic indicators of the time period can provide further insights into the economic impact of trade across the Indian Ocean on Asian economies.