Answered

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 :

Baraqid

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

ID Other Questions