Socially and economically, the global silver trade from the mid-16th century to the 18th century had a negative effect on the rest of the world. The trade’s earlier benefits did not last long, as it eventually weakened the Spanish kingdoms and Ming dynasty. The dependence on trade and the uneven disbursement of the product lead to the fragility of the economics of those governments that depended on silver. The economic effects can be seen in document 2, 3, 4, and the social effects of the silver trade can be seen in documents 5, 6, 7, and 8. According to the documents, the middle man profited the most from the dependence on silver, while the countries importing and exporting silver suffered massive damages.
In Doc 4, Charles Mann explains that due to this inflation, the government ran out of money. This inflation also had an effect on agriculture, because the prices of grain fell drastically. Wang Xijue that the Ming government “requires silver for taxes but dispurses little in their expenditure,” and this results in lowered grain prices (Doc 6).
During the time period of the 1570s to the 1750s, Spain and Asia dominated the silver trading network. Most of the silver distributed across the world came from their ports or ports in other countries controlled by them. Silver was beginning to be used across all aspects of life; silver was used as currency, traded for foreign luxuries such as Asian porcelain and silks, and was considered to be one of the most valuable traded goods. The silver trade that commenced among Spain and Asia affected the globe by enabling the wealthy to obtain and become accustomed to many luxury exports, yet not allowing the poor to have enough silver to fulfill necessary domestic affairs, and the trade made the silver supply very scarce and inflated the value of
Although when workers are laid off they are supposed to receive compensation, millions of workers either received no compensation due to corruption from top level officials or minimal compensation (600 yuan) for their services. As a result, with subsides, sometimes lower than minimum wage, individuals had to look for work elsewhere to support themselves and their families. Furthermore, across all of China, it is estimated 70 million peasants lost their land due to seizures and is the reason for peasant pauperization (Pai 27). The rest of the land was redistributed among the peasants. However, farming on a bit more than an acre was not adequate to provide for an average household of four.
The editors believe because of, the commander of the Ming maritime expeditions, Cheng Ho was an organizer, a commander, a diplomat and an able courtier, he was all these things, but a businessman or how the editors would title it as a trader, he could not properly establish a good tribute system amongst the other countries. Most of the government revenue came from land taxes and not enough from trades or from the ports. Due to not having enough funding, China had to step away from commercialism. The editors believe because of this act, Ming China was humbled as they observed all these non-Chinese people groups touched base on their coast. This force Ming China to return back to customary ways.
Due to the wealth and power disparity in The Pearl, the darks were left behind and were shown no kindness from the whites. Just as The Pearl, the community and its individuals of today are being affected by wealth and power disparity because as given at, “[3.55 billion of the world’s poor population are living on the same amount of money as the 85 richest people]”(World’s 85 Richest). This is showing how the wealth of the world is leaving multiple people extremely far behind but also in the shadows when it comes to having power because again, power comes from
Andrew Carnegie was not a hero. Carnegie is not a hero because he took money, only gave to other wealthy recipients, and contributed largely to his own. Andrew Carnegie took money away from deserving people. Carnegie cut the wages of his workers to donate money elsewhere. In document D, there are two images of Carnegie, one is giving a wage cut notice to the workers and the other is giving a check to Scotland and donating a library to Pittsburg.
Welfare dependency was a social problem that start from 1997. After 1997, the CSSA cases are increasing in the few year. In 1998, Leung Kin Pong who is the social welfare department president at that time said “only lazy people would live on CSSA.” This quotations let the people who need to pay for tax and the people who get CSSA feel angry and have some conflict from in the society. Poverty, lower class and unemployment think can’t maintain their life so they need to get CSSA but they think government should not think they are the lazy people and the people who need to pay tax think the lazy people wasted their money for maintain a group of lazy people’s life. Also, we can see there are some description of “avoid people over relied or depended on the CSSA from the Social Welfare Department’s
According to DoSomething.org, about 836 million people live in extreme poverty. While only a small percentage of the world is the bourgeoisie. However without the proletariats, the bourgeoisie would no longer have people working for them and they would go out of business. The proletariats appear weak in the bourgeoisie eyes, making the bourgeoisie feel superior. By making the proletariats feel weak, the bourgeoisie easily manipulate the proletariats.
Water and food related diseases that occur simply because the poor cannot afford “safe” foods. Ultimately, poverty is a major cause of social tensions and threatens to divide a nation because of income inequality. This occurs when the wealth of a country is poorly distributed among its citizens—when a tiny minority has a majority of the money. Wealthy or developed countries maintain stability because of the presence of a middle class. However, even Western countries are gradually losing their middle class.