After Columbus “discovered” the Americas, the Colombian exchange began. In this trading system, Afro-Eurasia would trade items from the Americas with their commodities. Many Europeans would go to the Americas to make money or spread their religion. One empire was the Spanish empire. They looked for valuable minerals and found silver mines in Mexico and Peru, prompting the silver trade. With the globalization of this trade, it impacted many empires in the Americas and Afro-Eurasia. Once the global silver trade started in the sixteenth century, empires across Afro-Eurasia and the Americas were affected socially, such as Native Americans having to overwork themselves because of the Spanish desire for silver, and economically, with a change in …show more content…
The Spanish adopted coerced labor systems including the mi’ta, a system that was already established in indigenous societies. As described in Document 3, the indigenous people had to climb ladders with bags of ore and described other harsh conditions. This document was written by a Spanish priest who came to the Americas to convert the Natives, so he most likely had a more sympathetic view of the indigenous working conditions than other Spanish explorers. Such working conditions were also drawn out in Document 6, where a camp can be seen near the mines and indigenous people helping to take care of the camels. Both documents show a shift in traditional indigenous society as the Spanish make them work in the mines. The extensive labor caused the death of many of the indigenous men and since most of the men had to work in the mines, the birth rate for the indigenous population …show more content…
Once silver became more global, China was one of the main countries that showed a desire for it. Document 5 reflects Chinese trade with Europe for silver. Just like Japan, China was also a xenophobic country at the time, so trading with Europe indicated their desire for silver. However, this wanting for silver wasn’t entirely positive for their economy. Document 1, written from a Ming dynasty court official's point of view, communicated the decrease in the cultivation of land. This came from the tax change, also referred to as the Ming Single Whip reform, where China began using silver as tax. However, they distributed the silver poorly, so the price of grains fell, and farmers didn’t have enough profit. The trade of silver had the short-term benefit of the Chinese economy growing but in the long-term, it caused the destabilization of its
From 1500 to 1750 Japan was leading in the production of sliver in the world. The Ming Chinese government required that all domestic taxes and trade fees be paid in silver, starting in the early 1570s. Silver had a wide spread economic effect with the use of their money as well as the power trade holds, social effects on the people, and increase in the suffering of the people. Documents 2,4,7,8 discuss the economic changes and effects that were cause with silver. In Documents 3,5,6,1 they explore the social effects that were by sliver.
Throughout the 1500’s to 1700’s, silver had become increasingly valued and desired by many countries. Europeans generally measured the wealth of a country by how much silver it had accumulated, as most western European countries followed mercantilist economic policies. Therefore, many countries set policies designed to control the system of silver within and around their borders. Due to this new global flow of silver, the world experienced various social and economic effects. Socially, silver promoted changes in government regulation, the ways Europeans displayed their wealth, and relationships between countries.
Silver was a factor in global trading, currency changes, and in government usage as well between Spain and China. While the flow of silver between Spain and China have close similar and different factors, it was mostly descent for both sides. These types of similarities
3). The people would work hard yet earn little only because the high class chose to keep the money rather than distributing it, taking a lot and giving back little. China would resort to loan sharks, only putting them deeper in debt due to not being able to paying back all the debts with their little earnings (Doc. 5). With the increase of the world silver production, it only caused the Europeans to grow selfish with their earnings. The Portuguese would buy all of Japan’s silver and goods, taking advantage of the trade of luxury (Doc. 4).
Chinese leaders could not collectively agree on an approach, and Beijing’s new rulers saw very little value in naval affairs. Seafaring expeditions proved to be costly, forcing higher taxes on an already depraved population. They believed that the financial risk was not worth the little return. Trade did flourish when the Chinese made connections with Western explorers, however the exploits of trade did not benefit the country as a whole. Mongolians and other raiders posed a serious threat to China’s frontier.
From the mid-15th century to the mid-16th century, regions all over the world were connecting. due to the Columbian Exchange, a widespread transfer of culture, human populations, and technology was spread around the world through trade routes. Christopher Columbus traveled around the world and along the way he discovered the Americas. This discovery was the start of a connection between continents. The common economic connection between nations was silver which predated paper currency.
African civilizations were transformed through trade. This allowed art and government for new developments and changes. As civilizations changed, aesthetics advanced based on the geography and new cultural aspects, along with new governing influences. These African civilizations thrived on their own by using leadership and other ideas from neighboring trade countries. Trade modified aspects of certain kingdoms from religion to social structures.
Though Columbus wanted to set up factories, or trading outposts in the early 1500s to produce profit, the native’s cultural lack of trade necessitated capitalistic innovation. The mines were the answer to this dilemma, as they were not sites of trade but of production. By enslaving the aboriginals and forcing them to mine for gold, the colonists could obtain their precious metals and sell them for a profit. The violent and harsh working conditions, however, led to mass depopulation through death and emigration. In tandem with the difficult conditions of labor, disease spread throughout the indigenous populations and augmented their suffering and eventual demise.
The introduction of silver impacted the people of Western Europe and East Asia both positively and negatively depending on if they worked in the lower class or upper class. The introduction of the silver coin generated a currency change which made it harder for the lower class to earn money. During the period from 1450 to 1750 the consequences of the global flow of silver both benefited and had a negative impact on the people of Western Europe and East Asia. The global flow of silver had some benefits to the people of Western Europe and East Asia regarding through trading merchants.
Born with a “Silver Spoon”: The Origin of World Trade in 1571 Summary The world has experienced many rises and falls of empires. From the sixteenth century to the seventeenth century the expeditation of silver stimulated the economy and affected many countries. New technology, trade routes, connections, and more have developed from the rise of silver. The reading Born with a “Silver Spoon '': The Origin of World Trade in 1571 clearly depicts how the increased bloom of silver influenced many countries' contributions to developing a new world trade system by China's consumption of silver adjacent to the rest of the world's production of silver.
Panicked,European empires,like Spain and Portugal started financing trips,specifically to India where they had the largest diversity of food,animals and spices known at that time. Once a certain fellow named Christopher Columbus found Hispaniola (modern day Cuba),every European empire reaped the monumental economic benefits that was provided by the Columbian Exchange. The Columbian Exchange promoted trade,specifically the trade of agricultural commodities. It integrated many parts of the world,supplying items to nations that needed goods,and sold items on the marketplace when there was a strong demand.
During Wu-ti reign, he had enforced the people to expanded industrial and commercial growth elsewhere, rather than invested in salt and iron; the people had started investing into mining other important minerals such as gold, silver, and lead (Chang 84). At this stage, Wu-ti had the industrial and commercial at full bloom developed to the point where the cities had expand because the economy was beyond from being financially stable, the people had finally recovered. The next stage where to put the economic resource into financed the military expansion (Chang 85). The previous
Doc. 1 talks about Columbus using the King and Queen of Spain’s resources to find new land in their name. It was a very dangerous task and they felt they should honor him by granting him rights to govern any new land he discovered. This marked the beginning of the Columbian Exchange. It was a swap of cultures, plants, animas, and diseases between the Old and New world. It brought the Eastern and Western Hemispheres together.
Pirates increasingly raided port cities, and the Portuguese set up shop in Morocco. Still, the Chinese were able to keep the Europeans at a safe distance.” There were major silver discoveries in Mexico and Peru, both ruled by Spain
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