Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

What were the major ways in which the Indian/Asian trading system was transformed by the involvement of different expansion-minded European powers from the early sixteenth century?​

Sagot :

Baraq

Based on historical context, the significant ways the Indian/Asian trading system was transformed by the involvement of different expansion-minded European powers from the early sixteenth century include "the introduction of silver coin."

Indian/Asian trading system

The Indian or Asian trading system was initially based on a barter system where goods like spices, silk, gold, etc., were exchanged between buyers and sellers.

The Involvement of Europeans to Indian or Asian Trading System

Following the involvement of European countries like the Portuguese, it was discovered that Asians tend to value the silver coins of Europeans rather than their goods.

Other significant ways transformed the trading system European powers from the early sixteenth century

  • Introduction of mercantilism to the Asian continent
  • Setting up of tributaries system in Asia
  • Imperialism, etc.

Hence, in this case, it is concluded that Europe transformed the Asian or Indian trading system in many ways.

Learn more about the Asian trading system here: https://brainly.com/question/24877599

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.