Richman AP world 1/22/12 DBQ on Flow of silver in mid-16th to 18th century The increasing flow of silver during the mid-16th to early 18th century had a very large impact on the economic and social parts of many countries through effect on land‚ trade‚ and value of silver. The huge influx of silver brought many economic problems in both Spain and China. Antonio Vásquez de Espinosa‚ a Spanish priest appears indignant at the huge amount of silver being taken and stolen from the mines
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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
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The flow of silver from the mid-sixteenth century to the early eighteenth century led to social and economic changes in Europe and China. In China‚ the standard of living increased‚ common people became poor‚ and a form of currency was developed‚ along with this came the Chinese becoming more ethnocentric due to large amounts of silver flowing in. In Europe. they became middlemen for Japan and China‚ but made little to no profit due to their demand for Asian luxuries which led to imbalance in trade
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The global flow of silver from the mid-sixteenth century to the early eighteenth century affected all areas involved in the trade‚ both socially and economically. It influenced the world economy and changed the customary life in Ming China. The global trade of silver shaped the economies in all regions involved. (Docs. 2‚ 4‚ 6‚ 7‚ 8) Although the author of Doc. 2 believed that the flow of silver currency out of Spain ruined their economy‚ it is evident in Docs. 7 and 8 that they were mining much
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the mid sixteenth century a silver mine located at Potosi‚ South America was formed. This silver mine was one of the few major silver mines in the world‚ the others located in Northern Central America and Southern Japan. This certain mine was known for its distinctive rich black flint. Extensive excavation required more than three-thousand Indians to work away with picks and hammers to break up the ore and bring it up to the surface. Just after refining the ore‚ the silver is shipped to Spain then from
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Silver DBQ Essay The global flow of silver from the mid-sixteenth century to the early eighteenth century had vast effects both socially and economically around the world. By this time an interregional trade network had been clearly established and world trade was booming. When China‚ a prominent trade nation‚ accepted silver as its currency and would only exchange for it‚ the importance of silver increased. This new rapid scramble for silver proved to be both beneficial and disastrous. While
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Tokugawa Japan and Spanish colonial America led the world in silver production from 1500 to 1750. The primary flow of silver was from Japan to China and from the Americas to Europe. The documents explain the negative‚ bias and positive economic effects of the global flow of silver from the mid-sixteenth century to the early eighteenth century. Documents 2‚ 5 and 3 all deal with the negative effects of the silver flow. Antonio Vazquez de Espinosa‚ a Spanish priest‚ states that more than 3‚000
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11‚ 2012 Period 4 DBQ~~Silver As silver grew popular‚ it had many affects globally. Silver was seen positively as a way to increase trade and to involve the government in society whereas silver was not liked as it destabilized societies. Ralph Fitch‚ a British merchant‚ and He Qiaoyuan‚ a Ming dynasty court official both believed silver was a great asset to trade. Similarly‚ Ming court official‚ Wang Xijue and Antonio Vazquez de Espinosa‚ a Spanish priest‚ admired silver seeing it was a way
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beginning of a widespread silver mining in Japan had a major impact on silver production‚ greatly increasing it. However‚ this increase in silver supply seemed good to some people‚ but overall caused many problems. Suppliers such as Japan and Spain‚ and receivers such as Ming China‚ seemed to benefit from this rapid increase in silver mining‚ but this increase caused worldwide problems as well. Based on the documents‚ the effects of the increase of the production of silver‚ was beneficial to those
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rise in silver production was beneficial to the middle-men who made the trade possible‚ but eventually weakened the states that supplied and likewise received silver. It was fairly common believe in China that with arrival of large amounts of silver would bring prosperity; but with such an extreme amount of this precious metal coming into one are caused problems. The Ming Dynasty declared that all taxes must be payed in silver. This created great disruption in the economy since silver coins were
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