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Silver Trade Dbq Analysis

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The silver trade in the 16th to 18th centuries brought economic and social transformations around the world. The changing flow of silver during this time changed every civilization globally; The Ming empire, the Spanish and Britain were effected both economically and socially. By the early 18th century, the effects of silver trade had both changed the operation of economics and social structure. Additional documents that could have explained and supported these changes; writings from the empire of Tokugawa Japan, the indigineous workers in the Potosi mines, business owners and their change in their payments and reliance on silver for profit, and the agriculturalists that saw the influence of silver on the trade of commodities all over the globe.

In the Ming empire, the changes that they went through economically and socially were very dependent on the silver trade. As silver became a global staple for trade, the want and feeling of luxury that silver brought enabled everyone to be included in the trade(Doc 1). In China, people could use silver extravagantly or in common expenses. This increased the economic base …show more content…

Just like the other two empires, Britain was dependent on the trade of goods for silver( Doc. 4). At the beginning of the period their trade was mostly amongst themselves, but by the end they were heavily wanting in the silver trade(Doc 8).

Economically the trade of silver allowed for the shift from trade of goods to goods to goods for silver. This changed the output of silver, and the worth of goods in commodity trade. Socially the individual trade was dependent on not just payment in anyform, but by the end of the period; solely on the trade and payment of bills in silver.

The silver trade changed the economic and social structures in Spain, the Ming empire and in Britain with the english. The period from the 16th to 18th century strongly showed this change of dependence of

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The time period 600 BCE – 1500 CE was bringing many new innovations to trade throughout Eurasia. The extensive Silk Road connected European countries to the far eastern Asian countries (China and India), allowing the rare goods from China to find their way to European markets. New technologies in maritime trade included the production of lateen sails and dhow’s in the Indian region of trade. These technologies allowed trade efficiency to increase allowing states merchants and governments to make more money. Religious people and Statesmen had different viewpoints on this new wealth accumulation.

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By wasting labors in mining silver, Spain could barely develop tiger plantation economy. Therefore, the silver required of China, and labors at mining caused the shortage of Spain

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755 Words | 4 Pages

From 1500 to 1750, silver production in the world was led by Spanish Colonial America and Tokugawa Japan. Silver trade was lead through a connection between four great continents, but there was no direct trade link between America and Asia. In that time, limits were placed on the amount of silver spent, prices increased and decreased depending on the supply of silver and silver production led to more importation and exportation of goods, as well as new ways to pay also developed due to silver production. In the 1570s, the Ming Chinese government stated that all taxes and trade fees should be paid in silver. Most silver flowed over the Pacific, out of Acapulco, to Manila, ending in China.

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Another contributing factor was the accumulation of wealth, especially among the merchants involved. Empires and smaller states that directly were benefited from the trade sustained the commerce. . Also with the invention of new technology

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Spread by the Silk road, silk had a great effect on the economy of different countries at the time. silk was a very valuable product in Central Asia at the time. This was because China was the only country capable of creating this rare product, and they very closely guarded the methods of its creation. At the time of its discovery, its use was specifically reserved for the emperor and his family. It soon became a form of currency, as farmers paid their taxes in grain and silk and others paid civil servants with it.

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The increased flow of silver during the mid-16th century to the early 18th century caused social and economic effects in all regions connected with the trade by increasing the integration of Europeans in the globalization of world trade, while creating greater economic opportunities and causing growing social divisions within China. It would help to have a document from a Japanese merchant, to see if the effects of the silver trade affected the Japanese economy as much as it did the Chinese and Spanish. It would be nice to see a document from a Chinese farmer/peasant to see if the increased flow of silver affected their lifestyles as Document 3 or 5 suggests. The economic impact of the global flow of silver in Spain during this time period

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Perhaps the most obvious component of Asian life during this time was the increasingly growing trade of luxury items, also being the most direct effect that the Silk Road had on Asia. Such luxury items, as researched by the scholar of natural history, Pliny,

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The British Empire was a collection of countries around the world ruled by Britain, and each of the countries had valuable resources that could be traded with Britain such as wheat from Canada and tea from India. Also, like the slave trade, many ships were needed to transport these goods, which benefited the shipbuilding industry. Furthermore, many young people from other countries in the empire such as India came to Britain to find work, sometimes on-board ships. This gave Britain many new strong workers to do important jobs such as build railway lines or work in mines. Overall, the British Empire was an important factor in the development of the British economy in the 18th century.

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Benjamin Franklin said, “No nation was ever ruined by trade.” During the early modern era, technological advancements in shipbuilding and increased knowledge on wind and current patterns made global trading possible. The increased flow of trade in the 1300s through 1800s created important social relations and economic opportunities due to the increased integration of foreign people and desire to be wealthiest and most powerful, while improving government, culture, and ideas in the modern world. Global trading increased the spread of people, which also increased the spread of religion and culture.

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On top of the successful farming methods that were discovered, guilds were being formed. Guilds, associations of merchants, increased the economies' wealth. The Commercial Revolution then began, reintroducing the blossoming idea of trade. Fairs were held to trade food, cloths and leather along with other common goods. Trade routes became vital to the expansion of trade, such as those that stretched from Europe to areas such as Asia and Africa in 1300 CE.

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The Silk Road was a complex network of trading routes that spanned from eastern Europe to China, that allowed many goods to travel from city to city. During the Silk Road’s main prominence from around 200 B.C.E. to 1450 C.E., many changes took place - including ones that have drastically altered societies with change in both social hierarchies and major religions. However, even with the plethora of cultural changes that took place, a few aspects of the societies of the time stayed consistent, most noticeably the desire for luxury goods by the upper class. The Silk Road resulted in many changes to the social hierarchies of the time, especially in the treatment of women and merchants. In the second-wave civilizations prior to the road’s prominence, women and merchant were viewed as much lower members of society.

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The economics started shifting from a civilization of farmers to one civilization, people focused on growing silk and producing other luxury goods. The major economic, social, and cultural, consequence of silk road commerce were new social group (traders), more job opportunities, spread of disease, religion, and ideas. New stakes were formed, state protected trade routes helped them last. Women

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Global commerce in the early modern era was able to transform human societies by an increase of new technologies, silver diffusion, fur trade, and slaves. The Columbian exchange allowed European societies to have a source of food after the Bubonic Plague. The trading of corn was very important because at the time, corn could only be grown in the Americas. Another item distributed from the Americas was silver. Silver spread across regions after being in the hands of the Spaniards and depleted the Spanish economy.

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During the 15th century the trade and economic development influenced countries to voyage for new discovery and social interaction around the world. Along with the expansion of trade, some regions came across changes that drastically changed their own region or those who they encountered. This story map will focus on the trade and economic development and its impact of social interaction that changed region. The Spaniards social interaction to the Americas had an impact on the indigenous people who lived there before the discoveries of the new world.

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With a long history in the world, China had been relying on traditional agriculture industry before 1949, which was the year of the formation of Socialist Era in China. Intensive human labour was deployed to farmlands with high productivity and Chinese agricultural technology used. Trade of crops in the markets began the society economy in China. During 19th Century, sea trades began between China and the West, mostly silk, tea leaves and porcelain products to Europe with an exchange of silver. With the inflow of silver from Europe, the money supply was expanded in China.

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