Dbq Silvers Global Flow Analysis

Europe seemed to remain the most neutral in this desperate silver trade, choosing to remain only involved enough to observe. British merchants were not entirely reliant on trade to or from the Asian worlds so merely recorded how China received “nothing but silver” (Doc. 4) and the Portuguese use this to “their good advantage in China”. However, England could not remain completely unaffected as scholars such as Charles D’Avenant observed. Luxury goods especially spices and silks have become prominent in European culture. While Europe draws from Asia “nothing on solid use” it has “tasted of this luxury” (Doc. 8) and it is not advisable for England to pull out of this silver trade. England could afford to remain more objective, but it could not pull out entirely. It had roots planted early on, and it would cause severe social disturbance to tear them up.

The wealthy were able to obtain more silver than the lower class causing an unequal distribution of silver. China has issued a new policy to limit wedding expenses. They are requiring the payment in silver which explains their way of limit wedding expenses. The frugal man would have something left over because he is able to save and use limited resources. While the other extravagant man would spend much more than is needed. These men are from two different social classes. Ye Chunji was a county official during the Ming Dynasty and must have earned the position he is in so he is able and has the authority to limit the wedding expenses of a frugal and extravagant man to what he feels is right. (Doc 1). China’s policy of silver being paid as taxes has affected grain prices and has mainly affected poor peasant farmers. This expresses dominance the government has over the farmers which is causing them troubles. Wang Xijue, a Ming dynasty court official reported this problem to the emperor. In the report he criticized the national government’s new silver policy about the farmer’s lack of silver. He personally could have been a farmer himself and rose to more power which is affecting his view. (Doc 3). In China, the dye shops have changed the way they charge their customers for service. They went from not using money to a currency way of paying. This made the form of

Silver production in the mid-sixteenth century to the early eighteenth century increased substantially due to Spaniards gaining control of Potosí. This led to them creating mines in the area, which was rich in silver. By doing this, they substantially increased the silver in the hands of the Spaniards, which they mainly used to pay for luxury goods and products from Asia. The silver trade had long reaching effects on the social and economic state of empires and countries worldwide from the time period of the mid-sixteenth century to the early eighteenth century. Socially, the silver trade affected the Chinese social mindset and structure and caused them to change. Economically, the silver trade negatively affected the economy of Europe overall.

This document is reliable as it is a scholar whose primary purpose should be to observe and record. The Portuguese also took advantage of this Silver Trade integration. Ralph Fitch was aware of this stance of the Portuguese by recording in his account of travels in the East Indies during the year 1599. He claims, “…more than 600,000 cons of Japanese Silver… the Portuguese bring from China gold, perfume, silk, copper, porcelain, and many other luxury goods.” (Document 4) This quote by Fitch reveals that the Europeans, or in this case the Portuguese, were frequently trading with China for goods that they did not frequently obtain before this time. Antonio Vazquez de Espinosa, a Spanish priest in the 1620’s exclaimed, “…silver taken secretly from these mines to Spain, paying no 20 percent tax or registry fee, and to other countries outside Spain including the Philippines and China.” (Document 6) This quote means that there was silver that was being spread throughout the

“People were forced to work in harsh, dangerous conditions in order to be able to provide for their families” (Document 8). Although most people were grateful to have a job, the conditions that they were forced to work for in order to provide for their families were unfair to them, and their families. Just because they obtained a job one day, doesn’t mean they would have it the next day, for example, if an employee was sick, or injured and had to miss a day of work the employee wasn’t guaranteed to continually have the job after they finally recovered. “I am at work in a spinning room tending four sides of warp which is one girl’s work” (Document 1) working conditions such as these are very harsh for the employees, not only do they have to keep up with the work of four people. Not only do the employees have to keep up with the sea of work, they also have to attempt not to get injured with the very harsh conditions lots of employees did in fact end up with serious injuries. “5 in the morning till 9 at night…” (Document 7) Those were the harsh working hours according to twenty-three year old Elizabeth Bentley. Long hours such as those were very common for factory workers, which made life hard for employees. Not only was harsh working conditions bad, but also the worst consequence that came about through the Industrial Revolution was child

Wang Xijue, an official in the Ming Dynasty Court, said that the Chinese government required that taxes and tariffs be paid in silver (Document 3). Xijue mentions how China’s silver policy adversely affected grain prices which affected the poor peasant farmers the most. Furthermore, Ye Chungji, a Chinese county official, stated how China’s policy of requiring domestic taxes to be paid in silver may explain order limiting wedding expenses (Document 1). Chunji, as a county official through China’s merit-based civil service system, uses the word “frugal” which justified the limitation on wedding expenses by noting it was in keeping with the Confucian value of frugality. This just proves how paying in silver affected the traditional Chinese culture. Due to this, the traditional Confucian social order was threatened. To add on, Xu Dunqui Ming writes in an essay that seems directed at the general public, of the unfairness of dye shops in the commercial city of Hangzhou and explains Ming China’s conversion from a barter economy to a currency-based market economy as customers now “receive a bill, which must paid with silver obtained from a moneylender” (Document 5). This only silver means of exchange likely harmed lower classes the most by plunging them even further into debt by forcing them to borrow from a money lender to get silver and explains the decline of traditional Chinese society and economy. Furthermore, the increased flow of silver brought inflation in China. He Qiaoyuan, a Ming court official, reported to the emperor that the trade ban should be lifted because of the inflated price of Chinese products in the Philippines by commenting on large supply of Spanish silver in the Philippines that led to massive inflation of 100 to 200 percent for silk yarn (Document 7). However, Qiaoyuan’s motives in his report is suspicious because repealing the ban on

Documents 3,5,6, 7 and 8 all mention how the economy changed dramatically due to the arrival and growth of silver as a currency. In document 3, a Ming dynasty court official writes about how the silver coin is hard to come by because the government is hoarding all of it. They take silver for taxes but do not redistribute it to the people. He is writing this because he is trying to convince the emperor to distribute the silver more appropriately to the people, and because his family is obviously not doing well financially. He is a court official who most likely has small influence in the government and writes in hopes of getting the emperor to consider spreading the wealth to the lower classes of China, to save his family, and other families like his. Document 5 expresses a different, but somewhat related view about how silver has become a hindrance to regular business interactions, because customers can no longer trade items of their own to purchase goods, they have to go through a lengthy process to pay everything in silver. Document 6 shows a counter point of view about the wealth that the mining of silver has brought to Spain. Document 7 is a report written to convince the emperor of China that there is much wealth to be found in foreign trade, because of how much silver some countries will pay for Chinese goods. Finally, document 8 examines how European countries are able to purchase Asian commodities freely because of their immense supply

Document 2 strongly states that silver flow began to snowball towards the Asian commodities in Asia, rather than those in Spain. This was due to the fact that prices of Spanish commodities were very high and people turned to the less costly Asian commodities. As an effect, silver flow started to concentrate in Asia and around Asian commodities. Wang Xijue, a Ming dynasty court official, reports to the emperor in document 3 about the scarcity of silver coin and the negative effects it has on the value of grain. Grain was a main cash crop in the Ming dynasty in the late 16th century and when the price of grain dropped, cultivators earned less of a profit. This snowball effect was directly based upon the price of silver because when the government takes the silver and doesn’t distribute it, there is less silver to pay for the grain. As a result, this reduces the amount of food produced and the population of the dynasty is reduced as less land is put into cultivation. Silver’s indirect effect on the amount of food produced affected many societies throughout the globe in the mid-seventeenth century and early eighteenth century. Document 4, 5 and 6 are expressing the constructive economic impact on the global flow of silver. In document 4, the positive economic effect on the global flow of silver is that silver coins are a great use of currency. Portuguese use the Japanese silver coins to their

Coming into the 4th Era, the Church held a prominent role in society. Many rulers legitimized their power through the approval of the pope. However, the church was seriously reformed under the criticism of Martin Luther in that, while other theologies like protestantism began to take hold, the catholic church’s role decreased. As secular perspectives began to intensify, both art and wealth shifted toward the furthuring of the human being rather than the glorification of religious deities. As such, interest in commodities from Asia grew as European entities traveled west with the hopes of reaching East Asia.

This was written by Wang Xijue, a Ming dynasty court official in 1593 to report to the emperor. He wanted the emperor to not have the government tax peop,e do much on silver when the middle class basically has less than what they are being taxed and they need it to buy food because businesses need silver because they are tied as well. He wanted it to be more fair for the businesses and people. Document 5 talks about before a persn could exchange goods for other goods, but it became straight silver for service and goods only over time. Out of nowhere a system was changed, without warning or anything.

Throughout the widespread of cultural diffusion, silver discovered in Mesoamerica was obtained and imported to Europe leading to economies based on money allowing more trade to be available. The New World produced around 85% of the world’s silver. This

From 1570 to 1750, silver was mainly mined in Spanish colonial America and Japan. They traded their silver and gold for Chinese luxuries and about 30% of all the silver exported by the Spanish Americas ended up in China. Having required that all taxes and trade fees be paid in silver, China’s economy was soon backed by silver. Though it may seem like this only affected China, this caused a great impact on the whole world both socially and economically because, like it said in document 1, even the poorest men had silver in China, but in Spain, prices of precious Asian luxuries increased, and, due to the widespread distribution of silver, the value of silver decreased (document 2), which harmed Spain’s economy greatly. This also affected Britain

Mercado discusses that high prices in Spain led to a crisis in the Spanish economy. The demand for Asian commodities in China were paid for with the Spanish silver currency. Document three, written by Ralph fitch, a traveler who was concerned about the British role in the silver trade, was intended for government officials in order to expand British trade east. Fitch explains that the Chinese ships export goods such as white silk, gold, perfume, and porcelain to Japan, and return with nothing but silver in exchange. He then goes on to say that the Portuguese import Chinese gold, perfume, silk, copper, and porcelain all in exchange for

That being said, the worker's problems did not end once they found steady employment. Employers were harsh and unforgiving in how they treated their employees. For example, if an employee was one minute late they were penalized an hours pay. If they were 20 minutes late they forfeited their employment. Worse yet, if they were injured or hurt on the job the company takes no responsibility and the worker is forced to recuperate on their own time without pay

That being said, the worker's problems did not end once they found steady employment. Employers were harsh and unforgiving in how they treated their employees. For example, if an employee was one minute late they were penalized an hours pay. If they were 20 minutes late they forfeited their employment. Worse yet, if they were injured or hurt on the job the company takes no responsibility and the worker is forced to recuperate on their own time without pay (i.e.; when Jurgis sprained his ankle and had to recuperate at home for 3 months). The final insult to the workers was that even if they were always on time, worked hard and maintained their health they could lose their job due to the