Silver Trade DBQ

Because the Chinese government were being inspired by the flow of the silver production they decided that all taxes and trade fees be paid in silver which affected China’s economy in a way that it would decline. In document 1, Ye Chunji, a county official of Ming China, orders an issue dealing with a limitation on wedding expenses. He doesn’t want people to live a lavish life and waste all of their money. He wants them to be cautious

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.

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

Europeans were motivated to conquest to gain money, and trade was one of the channels where they found it. However, during

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

The Flow of cloth, grain, oil, wine, gold and silver greatly enriched Spain. This provided economic stability and caused a rise in Spain. In contrast, the Dutch and the English commenced trade with the Spanish colonies, which cut into profit made by Spain. In addition, Spanish colonies made industries in the Americas, which further lessened their need to buy from Spain. Spanish trade with the colonies fell 60 percent. This traumatized Spain’s revenues made from the New World and ended the period of Greatness. On top of it all Spain’s royal spending continued to exceed despite the fact that they were losing money so this eventually led to Bankruptcy. In all, Faith was completely lost in the Spanish which severely disabled their advancements.

In the late 18th century, the Spanish monarchy decided to improve the defenses of its empire because of its many military losses in Europe. Because of this, the Spanish Crown was forced to increase revenues. Between 1765 and 1771, Spain sent José de Gálvez on an official tour of inspection of New Spain. He restructured the current taxes and their collection methods..

Sugar is one of the most important items that was discovered in the new world back in the 1300’s. The reason for this is that in the 1300’s hardly anyone knew what sugar was until Christopher Columbus went to the Bahamas and came back to Spain with sugar in the 1400’s. So what drove the sugar trade?, well there are many factors that drove it some of them were Land meaning the natural resources used to make sugar, Labor, meaning human resources that are needed to make sugar, and Investment Capital which is money used to buy tools and land. Sugar could have become such a desired good due to the fact that people in Europe found out that there is such a thing with the qualities of sugar or maybe it could be because of the low cost of slaves

The first supporting evidence for this statement is,“Portugal was too poor and rocky to support more than a modest agricultural economy. It lacked the commercial expertise and resources to break into the Italian-dominated trade of the Mediterranean.”(Page 22) This evidence stated that people wanted to travel to other places because Portugal was too poor and rocky for people to support an agricultural economy. Another supporting evidence is, “Europe was poorly endowed with gold. Many mines which had formerly produced gold were now all but exhausted; much gold had been lost to Europe through plunder and continuing trade with the East.”(Page 13) The analysis of this evidence is that Most of the gold was gone in Europe because the mines were exhausted, and Europe exchanged much of their gold to Asia to get spices, and other goods. People also wanted to travel to new places because of their technological

Following the travels of Christopher Columbus and the Conquistadores, the Spanish soon realized that they were as a matter of fact, not off the coast of China. But rather than completely abandon the area due to its lack of gold, silk, and spices, they decided to stay for the abundance of silver. In this, they enslaved and killed entire populations in their quest for this mineral. However, in doing so they practically started a new economic era for the Europeans. The heightened flow of silver from the mid-16th to the early- 18th century resulted in social and economic effects in trade centers around the world by further integrating the Europeans into the global trade market and consequently increasing social divisions in China due to improved

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

In Document 2, this is proven by "High prices ruined Spain as the prices attracted Asian commodities." (Doc.2). Britain had gotten 'jealous' over this trade between Spain and China, and their immediate response to this was the opium trade. The unfortunate part about this trade is that Chinese people had gotten addicted to opium. Since Britain charged silver for opium, China began flushing silver back into Europe in order to obtain opium.

Increase in wealth during the post agriculture period impacted elite social status greatly. Elite social status was a great deal to the wealth people in this era. They would do everything in their power to ensure that their social status was unharmed. The wealth made the wealthier individual's feel higher and separated from the common people. The increase in wealth allowed room for elite to make rules that were to be governed in sexual relationships. It was so important to pass on the elite social status and wealth that it became codified as written laws for the elite. Wealth impacted the elite because it controlled who they could marry in order to pass on the social status. The most acceptable form of a relationship that would form into a marriage in an elite social status would be a relationship between a man and a woman, both coming from elite families. The wealth would then be able to be passed down, which exemplifies the impact wealth had on the elite social status. Elite men that formed relationships with a non-elite woman would only be viewed her as a mistress for sexual pleasure. A elite woman and a non-elite man would cause shame to be brought upon her family and the man could possibly be murdered for his actions. There were exceptions where a wealth family would adopt non-elite males and raise them to be elite. (McKay, Pg. 26) Wealth impacted elite social status because most inheritance is left to male heirs, but in desperate efforts to keep wealth within their