Silver In Global Commerce Case Study
1. Silver question from the week 12 reading. Describe the role of silver in global commerce between 1450 and 1750.
According to Strayer’s text, silver in the global commerce between the years 1450-1750 “went around the world and made the world go round”. My interpretation of this would be that the world and global commerce during this time depended on silver to thrive. Silver became the top reason for trade during this frame of time. The first link to be developed between America and Asia was brought about by the trade of silver. The Spanish empire grew during this time period due to the silver funding many parts of their society. Japan and China were also countries that grew substantially due to the trade and use of silver.
2. Commerce question from week 12 reading. To what extent did Europeans transform earlier patterns of commerce, and in what ways did they assimilate into those older patterns?
Europeans transformed earlier patterns of commerce because they were now trading at a global scale. They were becoming centers for international commerce, market exchange, and private ownerships. They also accumulated capital that the Europeans were able to invest. One way in which the Europeans assimilated back into their old ways was that they were …show more content…
Another legacy would be the large populations of Africans and Europeans in the Americas today. The African American cultures were also a legacy that was left behind due to the slave trade. However, not all legacies left behind were positive ones. A negative legacy that was left behind from the slave trade would be the racial issues that still linger today. Segregation is not prominent in today’s society, but you see it in almost all communities and school systems without it being known as
According to Strayer’s text, silver in the global commerce between the years 1450-1750 “went around the world and made the world go round”. My interpretation of this would be that the world and global commerce during this time depended on silver to thrive. Silver became the top reason for trade during this frame of time. The first link to be developed between America and Asia was brought about by the trade of silver. The Spanish empire grew during this time period due to the silver funding many parts of their society. Japan and China were also countries that grew substantially due to the trade and use of silver.
2. Commerce question from week 12 reading. To what extent did Europeans transform earlier patterns of commerce, and in what ways did they assimilate into those older patterns?
Europeans transformed earlier patterns of commerce because they were now trading at a global scale. They were becoming centers for international commerce, market exchange, and private ownerships. They also accumulated capital that the Europeans were able to invest. One way in which the Europeans assimilated back into their old ways was that they were …show more content…
Another legacy would be the large populations of Africans and Europeans in the Americas today. The African American cultures were also a legacy that was left behind due to the slave trade. However, not all legacies left behind were positive ones. A negative legacy that was left behind from the slave trade would be the racial issues that still linger today. Segregation is not prominent in today’s society, but you see it in almost all communities and school systems without it being known as