Silver Trade Case Study

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#1 What were the differences in Japan and Spain concerning silver trade and their economies?

Japanese used the power of silver wisely. They defeated hundreds of rival feudal lords to unify their government. Along with that, they developed a market-based economy and invested in industry and agriculture. The Spanish didn't use and spend their money wisely. They had economic problems because they made bad investements, they used their money for palaces, leisure, and entertainment and entered many wars that they lost.

#2 Why is China called the "silver drain"? What impact does it have on China?

China is called the "silver drain" because the bulk of the world's silver supply ended in China because they demanded it for mandatory taxes from the
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