Preview

Power Snowball Effect

Better Essays
Open Document
Open Document
1328 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Power Snowball Effect
Amrit Ramesh09/24/14
Acceleration of Global Contact essayFinal
The Power Snowball Effect
To us in the 21st century Asia is a developing content, but four hundred years ago it held the greatest superpowers of the entire world, so what did happen to that power? In order to determine the answer to this question one must peel back the layers of time and look at the hard fact. Geographically the Europeans had various advantages, such as having copious amounts of coal deposits to create a coal industry. In addition to this the Asians empires were not in the prime position to expand their nation to undeveloped parts of the world, as the Europeans did with the New World. Trailing with this is the fact that the Asians hardly conquered an area outside
…show more content…

In the late 15th century, many European nations hoped to start major trade with Asia. Due to this they sought out find new more easily accessible trade routes. Explorers such as Vasco de Gamma and Columbus met the public’s demands and set out on their voyages. This eventually caused the discovery of the New World by Columbus, and the forging of a new route by Vasco de Gamma. The resources from the New World were then used to fund trade with Asian empires, and the new trade route made it all the more easier to do so. This created more or less a snowball effect in which whatever wealth the Europeans got from Asia was put back into the New World for more resources. Asian empires, however, did not have the wealth that the New World provided the Europeans, and so did not grow in the process of the trade. In addition to this the Europeans also were exporting majorly unknown goods, and so were able to inflate prices, and create yet another market around the items. Since silver was the main commodity sold to the Asians, it came at a disadvantage compared to the Europeans. Silver was the main currency of the Asian empires at that time. Due to this it was near impossible to inflate the price of the element without causing mass anger. Though not necessarily disadvantageous, it was less advantageous then the European’s situation, which allowed them to make even more of an income, cementing their economic status and their power. By both causing and being caused by colonization trade is one of the largest reasons for European dominance. Without it, it is unlikely that any of the advantages the Nations had, aside from the accidental ones, would have been

You May Also Find These Documents Helpful

  • Good Essays

    Ap Euro Dbq Analysis

    • 367 Words
    • 2 Pages

    China, Spain, and Europe affected the global flow of silver from the sixteenth century to the early eighteenth century, socially and economically.…

    • 367 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The social effects of the global flow of silver from the mid-seventeenth and early eighteenth century did indeed have an effect on the trade of silver throughout the world as this is expressed in documents 1, 6, 7 and 8. Although the social effects on the global flow of silver were miniscule compared to the economic effects, they affected the trade system and small scale trading relations. Although document 1 is the shortest document, it shows the extensive greed of an extravagant un-satisfied man with a lot of money compared to a satisfied person that has little money. This document clearly states that silver was the form of wealth in the Ming dynasty and the well-being…

    • 1658 Words
    • 48 Pages
    Better Essays
  • Good Essays

    Silver Trade Dbq Analysis

    • 705 Words
    • 3 Pages

    In conclusion, global trade of silver influenced the economy by allowing more money to be spent, as seen in documents 1&2, increase global trade, and increased mercantilism.…

    • 705 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Chapter 14 Study Guide

    • 1874 Words
    • 6 Pages

    The need to secure gold and silver to pay for Asian spices and textiles also played a role.…

    • 1874 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    The flow of silver all over the world affected people socially and economically. All taxes and fees were demanded to be paid in silver by the Ming Chinese government which began to lead the world in silver production. During the mid-16th century to the early 18th century, the flow of trade caused social and economic effects in all regions linked with the trade by increasing the unification of Europeans in the globalization of world trade and creating greater economic opportunities but also growing social divisions within China.…

    • 615 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    TTR Period 4

    • 3038 Words
    • 26 Pages

    mid 16th century Rich silver deposits found in Bolivia. Silver trade gave birth to social interaction throughout the world. Foreigners began to obtain more of China’s silks and porcelains. Silver helped pay for African slaves and spices. Little Ice Age occurred causing an increase in fur trade, Spain lost its earlier position as dominant western European power.…

    • 3038 Words
    • 26 Pages
    Powerful Essays
  • Good Essays

    IV. The new global circulation of goods was facilitated by royal chartered European monopoly companies that took silver from Spanish colonies in the Americas to purchase Asian goods for the Atlantic markets, but regional markets continued to flourish in Afro-Eurasia by using established commercial practices and new transoceanic shipping services developed by European merchants.…

    • 1437 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Ap World 2006 Dbq

    • 547 Words
    • 3 Pages

    The global flow of silver during this time period caused many disputes and changes economically between involved countries. Ralph Fitch described trade conducted by the Portuguese between Macao and Japan. Fitch said that the Portuguese had a great advantage in China. They brought gold, perfume, and silk and other luxury goods from China. They had a ship that brought back 600,000 coins’ worth of Japanese silver yearly. Charles D’Avenant describes the English position on trade. D’Avenant was worried about the amount of trade that was sent to China and “buried” there. Europe didn’t receive anything back of solid use from China in return for the gold and silver. Tomas de Mercado tells us about the trade from China to the Spanish Philippines. The high prices of silver ruined Spain and made China richer. Mercado states, “The streets of Manila in the Spanish territory of the Philippines could be paved with granite cobblestones brought from China as ballast in Chinese ships coming to get silver.” This shows us how rich the Chinese were becoming by making people pay domestic taxes and trade fees in silver and the great amounts they were receiving.…

    • 547 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Global Flow of Silver Dbq

    • 1408 Words
    • 6 Pages

    The global flow of silver managed to redefine the social structure in many societies, as well as dramatically altered the basis of the economy in many European and Asian countries. Despite the economic change that came from the mass production of silver and its use as a standard currency, the growth of the silver industry brought as much change socially and culturally as it brought economic transformation. Many people viewed the conversion to silver being the standardized currency as a huge hindrance to their daily lives, but the silver industry brought wealth to many societies and became a necessity in trade. On one side of things, the flow of silver throughout the world brought a wave of economic change, as mentioned in documents 3,5,6, and 7, but on the other hand, it brought new social distinctions as silver widened the gap between the rich and the poor, as mentioned in documents 1 and 6. Another aspect of the global flow of silver that influenced many areas was the cultural interactions that entailed, as mentioned in documents 2,4,7, and 8. An example of the passing and interacting of cultures would be the attraction of Asian commodities to Spain which were paid for in a heavy flow of silver as mentioned in document 2, which was viewed as many as the beginning of the end for Spain, as told by the Spanish scholar Tomas de Mercado. It would be helpful to see a document that showed the statistics of the economies of some Asian and European countries before and after the massive rise of silver in their societies, as this would help me to determine the facts of the total economic effects due to the flow of the metal. Another document that would be helpful would be a document showing the point of view of a peasant that may or may not have been directly affected by the flow of metal into his/her society. It would help clear up the social effects that entailed after the arrival and massive flow of silver.…

    • 1408 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    European Exploration Dbq

    • 475 Words
    • 2 Pages

    An economic motive affected in Renaissance European expansion. The rise of capitalism was an affective change to the process.(Duiker 494) There were two trade routs linked Europe and Asia. One was spice trade routs and the other was gold trade routes. These trade routs brought "silks, spices, gems and other high-value commodities to Europe. (Arnold 11, 12) Portugal transported the gold to Europe a long time and became to control the flow of the gold from Mediterranean ports. Because of that, the golden age of Portuguese had begun. (Buckler…

    • 475 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    As Imperialism had become common throughout all of Asian modernization came along with it as a pair. Though as Asian as a whole there were negative affects many advancements had made up for it such as , technology advancements the establishments of…

    • 342 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The European economy experienced a major change in their structure from one that was entirely based on silver and gold bullion to one that revolved around mercantilism and industrialization. This shift, caused by the industrial revolution, helped Europe to become a dominant world power. In pre-industrial Europe, the world trade centered around the exchange of goods for bullion. In order to play a role in the world trade market, Europeans traded their bullion for goods such as coffee and spices with Asia. With the onset of the Industrial Revolution, European nations began to focus on the acquisition of raw materials that they could transform into finished products. These goods allowed Europe to become active members in the trade market instead of relying on bullion from South America. Industrial Europe became a world power in the global economy through their profits from their new tradable goods. This status created a new social order through the world of dependent nations that Europe relied on for raw materials while they relied on Europe for economic stability. These dependent nations- like India, Java, and the African colonies- became reliant on Europe education and their military to guarantee financial stability in the future.…

    • 918 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Indian Givers

    • 990 Words
    • 4 Pages

    Lends of Americas were rich and fertile, and Native Americans had a plenty knowledge in various areas. First of all, Europeans craved to increase their funds of gold and silver. American gold used for decoration churches, buildings and palaces; thanks to the American gold Europe had baroque. However, using silver was more wide and deep. Silver mines of Potosi irretrievably changed the economic system of Europe. Europe never before had such a many silver coins in circulation, production increased and people could buy more goods, and began to accumulate their own capital. Silver has become more practical; with so much money the old system was transformed to the new economic system.…

    • 990 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    In the 1980s, the world talked was amazed by the rapid economic recovery of Asia as Hong Kong and Japan, war ravaged backwaters merely 35 years prior, were suddenly out competing their western contemporaries. China, South Korea, and Japan experienced incredible economic growth near the end of the 20th century. So well prepared to tackle the 21st are these countries that some have gotten excited enough to call our century, the Asian century. East Asia will undoubtedly have a strong presence in the following decades, but what exactly is the unique East Asian fingerprint? What is East Asia and what unique characteristics does it have that make its members so important in today's modern era? As Charles Holocombe explained it, "A persuasive argument can be made that rather than representing some fundamentally unprecedented departure from past experience, the recent economic rise of East Asia is really more of a return to normal." ( A History of East Asia, p1) East Asia is the world most usefully defined as the region of the world which extensively use Chinese writing system and absorbed much of the philosophy of Confucianism. ( A History of East Asia, p3) These major regions which share the use of Chinese writing, a rich political history of dynastic rulers, and who bear respect for the virtues of Confucianism have colorful and diverse cultures that make them uniquely East Asian; moreover, China, Korea, and Japan each have long eventful histories prior to being dragged through the fires of war and revolution and miracle stories of their own before becoming the economic powerhouses that we know them as today.…

    • 2669 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    The pillage of gold and the exploitation of the indigenous people clearly funded the beginning of Europe’s rapid expansion leading up to the Industrial Revolution. Without the vast amount of gold and wealth…

    • 501 Words
    • 3 Pages
    Good Essays