The discovery of silver in Colonial America sparked a spanish global flow of silver as well as from the mines of Tokugawa‚ Japan. Although Spain was the primary distributer of silver‚ this global flow limited economic growth by creating an influx on silver. Peasants and people from lower classes were highly affected due to the fact that silver was required in an everyday basis but wasn’t provided for them. The Spanish‚ and the japanese served as providers of silver to the chinese economy. Throughout
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development of silver from the mid-sixteenth century to the eighteenth century caused social and economic changes by making the wealth of countries such as Spain and Japan increase‚ which increased economic opportunities within their trade partners‚ while also creating a social division in their own countries with the heavy use of slavery. Due to the findings of silver at Potosi in 1545‚ trade in Europe flourished and slaves played a more vital role in the search for Silver. Before silver was discovered
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China. Enormous quantities of opium made their way to China‚ swelled by the number of merchants involved. By the 1820s‚ the value of opium coming into China exceeded the value of goods exported out. Thus‚ the Chinese had to pay silver in addition to their goods to get opium. Silver shortages began to hurt peasants. To stop the trade‚ the Qing emperor sent a special commissioner‚ Lin Zexu‚ who froze all legitimate trade in Canton until foreign merchants handed over their opium stores. The opium traders
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DBQ Essay In this time period‚ Spanish colonial America and Tokugawa Japan were leading the world. They led the world in silver production from the 1500’s to the 1750’s. The mining of silver affected the world‚ socially and economically in many ways which is presented in the documents. The documents 4 and 8 show how the global flow of silver is bettering the economy and social status of others. Document 4 is by Ralph Fitch‚ a British merchant. This document is about how the Portuguese go to
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Enriched Global 9 Flow of Silver The Silver trade boomed from 15701750‚making silver one of the most traded items of the time period. The flow of such h h silver during the mid16t early 18t had social and economic effects to the regions connected by the trade ‚ such as‚ increasing class distinctions in China and Europe as well as hurt the Spanish and Chinese economy. The Silver trade puts a countries such as China in situations whereas the Silver trade helps or hurt the civilization
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Document Based Question (DBQ): Global Flow of Silver During the mid-seventeenth century and early eighteenth century‚ many events occurred along with the global flow of silver bullion. In the early 1600’s‚ the Dutch East India Company was founded and this contributed to the Dutch Golden Age of trade‚ science‚ military and art. Also in the early 1600’s‚ Tokugawa Ieyasu seized Japan and made the Tokugawa Shogunate military government that was headed by the shoguns. In the mid 1600’s the Taj Mahal
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1/23/12 Silver Trade DBQ The global trade of silver had a devastating affect on the Chinese economy because China did not have the supply of silver that was needed to support their economy so they became dependent on the trade that the Europeans brought (1‚3‚7‚8). In Europeans states like Spain and Portugal we see their economies benefiting from the increase of the global silver trade because they controlled silver mines in the Americas and India (2‚4‚6). In china the increase of silver trade brought
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Pepin III initiated the usage of the silver coin. As European exploration of foreign lands intensified during the sixteenth century‚ silver earned a high-ranking position on the global market as one of the most economically valuable natural resources in the world. The availability of silver increased and its popularity prompted the opening of new European and South American mines. As more mines were established‚ European governments started to issue larger silver coins‚ lessening the usage of gold
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such as gold and silver. Silver Exchange Traded Funds (ETFs) are traded in the stock market providing a non traditional investor of silver an easy way to gain exposure without having to purchase bullions of the commodity. The first silver ETF arrived on the scene in 2006—in the form of the iShares Silver Trust‚ managed by Barclays Global Investors. Today‚ the ETF has over $13 billion in assets and has returned 25.17% in average annualized returns since inception. Not only iShare Silver Trust‚ the spot
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Introduction Silver is a chemical element with atomic number 47 and symbol Ag. It is white‚ soft‚ mallable and ductile metal slightly harder than gold. Silver is extremely flexible‚ this means that it can be converted into both flat sheets and electrical wire. This makes silver is an ideal metal for all kinds of industrial use. Silver occurs in lead‚ Zinc and copper ore deposits. Lead ore is the main source of Silver. In fact‚ 75% of the resources in the world are found in association with other
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