Cause And Impact Of Mercantilism Dbq

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Mercantilism can be defined as the amount of gold and silver a person or nation has; everyone during the 16th and 18th centuries were looking to strike gold, or even silver, through trading. Within this time period, silver was very popular and it was most popular in Spanish colonial America and Tokugawa Japan. These cities exported tons of silver throughout many years, causing one’s status to be based upon mercantilism. There were empires that even began to rid their societies of paper money and just rely on silver. The trading of silver between the 16th and 18th centuries was a huge hit world-wide, and had a very large impact on the social and economic life of several nations. The emergence of silver as a high demanded product all over the world socially adjusted the aspects and qualities of people’s lives within many different areas of the world. The way people lived was now structured based on how much silver they had; as the feudal system placed peasants at the bottom, societies now placed the “poorest” people at the bottom. Everything was dependent on currency. “The frugal man with only one bar of silver currency can have something left over, whereas the extravagant man with a thousand can still not have enough” (Doc1). No matter what one did with their silver- whether they traded it or kept it- the richest man always had a better life and much more to enjoy. This is also evident as it says, “they carry much white silk, gold, perfume, and porcelain and they bring from

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