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
Gold was often a primary currency but over time it began to become expensive and laborious to continually mine. The introduction of silver as a major form of currency caused ripples of effects in many aspects of society and practically replaced gold in importance. Most notably effected were nations' economies (improvement of economies, loss of revenue) and societies (East actively seeking silver) but the effects on economy were often more influential because flourishing economies often brought new or expanded power for nations. (467,23,158) One of the largest shifts in global economy is that you see a huge increase in many countries imports and exports leading to more money and better financial standings.
The flow of silver from Japan and Latin American colonies to Europe and Asia led to massive wealth that would eventually cause problems such as inflation and trade imbalance in the economies of Spain and Ming China, as well as negatively affecting other nations. Spain was one of the major producers of silver. It controlled the mines in Latin America where silver was produced, and traded it around the world but especially to China. The Chinese economy required silver, and they traded many commodities in return for it .From
Merchant wealth increased as printing, education, and commerce rapidly spread. Many merchants chose to specialize in silk, cotton and porcelain manufacturing. Owning land and being a government employment were no longer the only means of gaining wealth due to this economic balance. The Song dynasty witnessed an increased interest in Confucian principles and historic ways of life.
In the late eighteenth century and early nineteenth century, a lot of immigrants left their home base to come to the United States for countless of reasons. One arrangement of settlers was the English foreigners, who were inspired by the stories of the United States and the ideals of “Life, Liberty, and the pursuit of Happiness” (English Immigration to America, n.d.). The English wanted to be brought from poverty into a place of abundance. Another group of settlers was the Chinese immigrants. They arrived in the United States because of opportunities on the California Gold Rush, the construction of the transcontinental, and abundant agriculture jobs (Wandrei, n.d.).
El Salvador, especially, experienced mass migration due to capitalism. Their production of Indigo slowly disappeared but coffee still expanded because their was a demand for higher prices in the world market. El Salvador was dependent on the world economy and the based their production through the demands of other countries. This began an increasing amount of unemployment because mass productions of goods had to be accomplished to stay in the world
Currently, the population of people with Chinese descent in America reaches to 1.2%, which accounts to an estimated 3.8 million people. This all started with the Gold Rush, which let two completely opposite cultures that had never interacted before encounter their differences. The religious and cultural exchanges between the American and Chinese societies occurred with many difficulties of acceptance and tolerance, resulting in the diverse American society of present day. After differences between the two cultures were overcome, the Gold Rush opened the doors of exploration for many generations of not only Chinese immigrants, but all Asian ethnicities to follow. Many immigrants would later follow in their footsteps to find what America has to offer them.
Imperialism is a process that occurs when a more powerful country takes over a less powerful country and this could be through the use of force or threats (Young & Alcock, 1974). Imperialism can either be Political, Military, Cultural, Communication and Economic or it can be a combination of these kinds of Imperialism’s. Imperialism led to opportunities for profit accumulation, trading and investment opportunities (Freund, 1984). The need for raw materials in Europe for manufacturing gave small African traders and small African farmers the opportunity to be involved in international trade. The change from slave trade to a more legal trade led to a crisis and Europeans assumed that the only solution to this crisis was to make all non-European
The advent of steam power altered England 's economics and society. By harnessing this new energy, England increased its production, becoming a world leader. Steam power benefited the country, but the cost was the forfeiture of the traditional, agrarian lifestyle. Industrialization concentrated large numbers of people in small areas, magnifying problems. The agrarian to urban population shift caused the growth of cities which in turn created challenges for city planning, sanitation, and crime prevention.
Even though Industrialization was bad for people but it really helped the immigrants in different ways. Some people it was hard to adapt to the new economy and on the other hand, some people adapt to the new economy really fast. Change of the economy changed the look of the countries. Industrialization was very helpful for the industry owner and very rough for workers in the industries. Industrialization brought advantages which also include disadvantages.
See Abner J. Mikva, The Changing Role of the Wagner Act in the American Labor Movement, 38 STAN. L. REV. 1131-–32 (1986). Bednarek, supra note 246, at 217 (stating that structural changes resulting from globalization usher in a more flexible workforce with reduced labor regulations and costs that ultimately devalue labor). Global wage competition has combined with a stockholder primacy culture to put downward pressure on wages for most workers while promoting the interests of senior managers.
Overpopulation in South America even impacts the United States due to the increased migration of citizens looking for a better life and a way out of the poverty of their home country. Sustainable development in South America is also important due to the fact that we, as a nation, consume many products from the region. While it might be easy to look
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.
How did European imperialism fundamentally alter East and Southeast Asian civilizations? European imperialism fundamentally altered civilization in China in various ways. To start, European imperialism started when Qianlong became the ruler of China. During his rule, Qianlong began to fall under the influence of destruction elements at court. There were corrupt officials and higher taxes which led to the big fall out and the Europeans conquering.
The Impact of the New World in Global Trade People all over the world were affected by the global trade that was opened with the exploration of the new world. Between 1300-1800 CE people began to open trade routes that allowed people to trade all over the world. This allowed for new ideas and technologies to access parts of the world that they never had before. Now that there was an extreme increase in trade, a new merchant class arose in Europe. Trade was an important force for change leading to the desire for new resources and goods; drove exploration; and impacted societies and relationships between civilizations around the world.