Explanation:

- Option 1: Setting up of colonies in Asia and Africa was a direct result of the voyages of discovery and led European powers to establish control over many regions.

- Option 2: Expansion of European commerce resulted from increased trade routes and access to new markets discovered during these voyages.

- Option 3: Rise in the prosperity of the colonies is incorrect. The colonies often faced exploitation and resource extraction, benefiting the colonizing nations rather than the colonies themselves.

- Option 4: Beginning of slave trade was one of the unfortunate results of the voyages, as it expanded due to increased demand for labor in the colonies.