Silver Trade

These leads to a permanent lower social class who will suffer in order to survive because they don 't have the silver they need to buy goods. In document 3, Wang Xijue is a government official for Ming China. He is reporting that although the Chinese government is collecting a great deal of money in taxes, by demanding tax payments in silver the government is actually hurting the economy. Because all the silver is spent to pay taxes there is very little left for people to use to buy farm products or tools or to hire laborers. Since they cannot afford to pay much in silver prices and wages are dropping.

Document two shows that although Spain was originally in power due to their large quantities of silver, they were soon trading that silver for other countries' goods. This led to other countries obtaining large amounts of silver, reducing the impact of Spain and it's silver. With the author of this document being a Spanish scholar, he notes that Spain's economy is struggling and he knows this because he resides in Spain and has experienced first hand how silver has affected the local economy. Document three also talks about how people are losing money from the arrival of silver. The Chinese government began to require all taxes be paid in silver.

In the Ming empire, the changes that they went through economically and socially were very dependent on the silver trade. As silver became a global staple for trade, the want and feeling of luxury that silver brought enabled everyone to be included in the trade(Doc 1). In China, people could use silver extravagantly or in common expenses. This increased the economic base

The amount of silver present in the world led to the creation of limits and economic changes. Limits were placed on the amount of silver obtained. In Doc #1, wedding expenses were prominent, the people with less silver knew how to

Chinese immigrants experience much more hardship compared with what they contribute to the society. It seems that every immigrant needs to suffer a lot of bias and hardship in America because of cultural difference. Culture shock leads to many misunderstandings and causes conflicts. That is easy to understand. However, Chinese immigrants are treated unfairly because more complex reasons.

Around 1836, Great Britain was able to reestablish a very solid economy, while the Chinese economy plummeted. Already in 1829, the Chinese emperor Daoguang, prohibited the consumption of opium because he realized that his Chinese citizens had a strong dependence to the drug. Besides, curiously a century ago in 1729, another the Chinese emperor, Yongzheng, banned the opium trade, also for the same reason. This prohibition generated controversy because while the Chinese emperor saw the drug as threat, the British saw opium as a way to compensate the commerce with China, since the drug generated them a lot of profit. While the tons of opium exported to China favored the development of West Europe, the dynasty success was coming to an end.

As the Chinese and British continued to fight this incredibly unfair and one-sided fight, since the British was more capable and advance military-wise and strategic-wise, when compared to China, China was finally able to notice that no matter what the situation, since their military equipment and strategies were much more old-fashioned and less-efficient compared to the British’s military equipment and strategies, they were bound to lose much more than what they already had lost, even though they went through the trouble to recruit “umemployed tea porters” (Goldfinger) with a payment of $6 a month, they also “paid fisherman $6 a month to patrol and raid on [the] boats” (Goldfinger) that carried opium, and attempted to imitate Western techniques by “shipping in 200 cannons to Canton and purchasing a 1,080 ton ship to reinforce their blockade” (Goldfinger). According to Goldfinger, after the British navy, specifically the Royal Navy, “took Canton and sailed up the Yangtze River, destroying tax barges” (Goldfinger), the Chinese government agreed to meet the “minimum demands [from] the British” (Goldfinger). And this eventually led China to admit “defeat after their coastal town had been thoroughly bombarded” (Coburn) and were forced to sign and abide to the unequal treating, or the Treaty of Nanking (Nanjing). Most would agree that the Opium War had an incredibly negative effect on

In his time Russia was rich in raw materials but lacked the factories and railways and required to produce and export manufactured goods. Building this would require huge sums of money, but Russia did not have the funds for this investments. The majority of Russian peasants did not have complete freedom of movement; which limited the migration of workers to towns and cities to swell the workforce needed for new manufacturing industries. Russia had a very small business class, as wealthy nobles were not interested in industry, dismissing it as

The settlers judged the type of labor that the Indian males and females did. The Indian females did most of the farming, which was usual the job of the men in Europe. Although they didn’t farm, the Indian males hunted. To Europeans, hunting wasn’t common since they did not have wild animals in England, except private properties of the wealthy. European settlers began to make adjustments to the land.

In spite of the fact the sector being highly unorganized, having tough competition from China, facing the currency and exchange rate problem, dominance from the U.S. market and competition from the luxury goods, the outlook for the Gems and jewellery sector is positive. On account of global rescission and economic slowdown the sector has been facing many contemporary problems. As a result , the retailers both traditional as well as branded jewelers face a problem to cope up with the changing trends , customers likes and dislikes with respect to jewellery designs , customers changing preferences with the modernization and exposure to western culture lead to obsolesce in jewellery design in a dynamic fashion. With the view of the above facts there is a need of systematic and scientific study of changing trends and the factors responsible for such changes in gems and jewellery Industry in India. Therefore the problem entitled “CHANGING TRENDS IN GEMS AND JEWELLERY INDUSTRY” is chosen for the present study.

The Chinese were dependent on the Spanish because they were the ones who supplied them with silver. If they did not have silver, they would not be able to pay anything. Chinese civilians needed silver to pay their taxes as well. Eventually, the price of silver decreased due to international trade. This also resulted in inflation in the country.

As the foreigners, the Chinese first avoided the interaction with the Americans, while suffering various ways of discrimination. The Chinese that worked in gold fields brought their own method for mining of gold to the United States, which improved their efficiency a lot . This caught the local Americans’ attention. Some landowners and merchants preferred Chinese coolie, which means ‘kidnapped, enslaved, or indentured servants’, and they started to employ more Chinese than the Americans. The immediate loss of job and financial support pissed the American citizens off.

Because of cheap british good many to all weavers lost their jobs and became impoverished as said in document 3. So yes the british showed they could control an economy very well however they could not control the ruined land and people. Despite the fact Britain created sound laws against killing, economic opportunities and improved the health of most indians they still caused more harm than

They also brought disease to the Americas which they benefitted from. The Spanish discovered a mountain of silver, and adopted the Inca system which allowed them to force the indigenous to work without payment. The discovery of silver had a major impact on especially Europe and China. China changed so that taxes had to be paid through silver, This resulted in an increased silk production, and almost all Spanish silk producers were put out of business.

Cause and effects of Columbian Exchange After the crusades, a new era of explorations and a want of gold begins. The ottoman took control of the Silk road trade and spain needed to find a new route for trade. This lead to queen Isabel of spain to fund Christopher Columbus voyage westward to find a new route to india without crossing paths with the ottoman. Columbus accidentally discovered the Americas on his voyage leading to the Columbian Exchange. Which is the export and import of goods to Europe from the Americas.