Silver DBQ

Between the mid-sixteenth century to the early eighteenth century, silver production or the increased flow of silver had an effect in the society and economy(both good and bad) throughout the world. While the Spanish colonial America and Tokugawa Japan were leading the world in silver production, the government of Ming China were making all domestic taxes and trade fees be paid in silver.

Socially, China has been impacted greatly from the introduction of silver into their nation. In document 1, Ye Chunji, a Ming Dynasty county official, spoke about the differences between the “frugal” and “extravagant” man in an order limiting expenses. He states that a frugal or poor man understands his limitations and can live off very little unlike a wealthy or extravagant man

The Renaissance changed man’s view of the world because of its influence on Art, Literature, and Science. This made man try harder to discover everything about the world.

An increase in the flow of silver during the mid-sixteenth century to the early eighteenth century initiated economic and social effects in all areas linked by trade building more economic opportunities and also distinguished social divisions. The documents are written by people from either the British, Chinese, or Spanish all in different social classes. The negative social effects on the lower ranked classes caused an unequal distribution of silver which can be seen in documents 1, 3, 5, and 6. The economic effect of increased prices of traded goods can be seen in documents 2 and 7. Lastly, the economic effect of merchant’s travels caused competition among countries which can be seen in documents 4 and 8. It would have be helpful to read

The author also mentions that China-based their economy on the exchange of silver. Another important thing in this chapter was the role of the Chinese voyages in the history of China and the entire world. The voyages that were created around the 1400s were used for three reasons,

A major effect of the global flow of silver is the economic dependency required.In Document 5, Xu Dunqui Ming purposefully explains the growing of heavy silver use in his city’s economics in 1610, leading to silver becoming the required and standard payment for cloth dying and other services, along with silver now a necesity in their lives.Wth this new standard payment of silver in China, where it is unaccessible in their own environment, they depend on Europe and Spain to in exhange for China’s goods pay in silver to make it readily available for China’s inhabitants. In

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

In the duration of the Antebellum period,our sovereign Republic was governed by fifteen various presidents. Each individual head of state affected our present united nation, but one that was effortlessly discernable in comparison to the rest and this was George Washington. George Washington was very accomplished throughout his presidency, was cautious invoking the country in foreign affairs, and endured devastations with serenity.

In 1939 the world was plunged into World War II because of the Munich Agreement. The Munich Agreement was an agreement regarding the Sudetenland Crisis between the major powers of Europe after a conference held in Munich in Germany in 1938. The Sudetenland was an important region of Czechoslovakia. The Treaty of Versailles was the peace treaty created as a result of six months of negotiations at the Paris Peace Conference of 1919, which put an official end to World War I between the Allies and Central Powers. The Munich Agreement caused many disagreements between European countries. Collective security was a more effective response to aggression than appeasement because more European countries disagreed than agreed

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

In the beginning of the 19th century the British began to trade opium, an illegal drug, for tea with China which caused, “...the first Opium War...which resulted in a Chinese defeat and the expansion of British trading privileges...”This discrepancy in the trading relationship between the Chinese and the British caused China’s to forfeit their trading territory to the British. The outcome of the Opium War was a setback for the Chinese. Places where the Chinese previously conducted business was no longer available. Economical wars were not uncommon: “During the mercantilist period…a military...would deter attacks by other countries and aid its own territorial expansion.” The focus of many governments became to protect their economy by constantly gaining more territory to increase business. The change of China’s trade routes could have negatively affected the economy. If the Chinese economy were to weaken it could affect the economies of other countries that China interacted with. The Columbian Exchange, a network of trade routes throughout the world, caused the environment to change as, “ ...Old World crops such as wheat, barley, rice, and turnips...raveled west across the Atlantic, and New World crops...traveled east to Europe.” The exchanging of crops between the New World and the Old World, two different geographical areas,

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

Silver DBQ The economic and social effects of the global flow of silver from mid 16th century to early 18th century were as follows, the Spaniard economy was hurt by it, economy's became more monetized, class distinctions, and changes the mindset of European consumers. Around this time, the Ming Dynasty demanded that all taxes be paid in silver. This led to an increase demand for silver and merchants began to refuse other forms of payment.

The combination of increasing unemployment rate and food price created severe poverty across the nation (Goldfinger par. 1-3). The currencies in China, too, went through a lot of changes to accommodate the increasing trade. At first, the silver Spanish dollars became rare and increased in value so much that it was outlawed as a usable currency. However, at the same time, the Chinese copper currency were also being used less due to the fact that the metal was becoming rare and the administration of the currency was extremely poor. The Mexican dollar was introduced but the problem was not solved until paper money were used in 1853 (Goldfinger par. 2). To make the economy worse, during the First Opium War, China had to pay six million silver dollars to ransom Canton, and an additional nine million dollars were paid to foreigner traders for their loss. Later, twelve million taels of silver were paid to Britain and France under the treaties negotiated after the Second Opium War. All of those factors weakened the Chinese economy in the 1800s (Allingham par.5-9). However, the Opium Wars’ impact is everlasting, for “the Chinese have embarked on a long and arduous struggle to expunge the humiliations which they suffered during and since the Opium War…Foreign industrialists may continue to dream of the supposedly unlimited China market, but the Chinese…are determined to keep the 'open door' sufficiently ajar to import vital technologies, while keeping all unwanted