Essays /

Not Gold Essay

Essay preview

The colonization of the Americas by Spain and the beginning of extensive silver mining in Japan greatly increased silver production. However, this increase of the supply of silver, while to some people seemed good, overall caused problems. Although the increase in silver mining appeared to benefit Japan and Spain- the suppliers- as well as Ming China- the receivers- overall this increase caused worldwide problems. The effect of the increase of silver production, while being beneficial to the middlemen that facilitated the trade, eventually weakened states empires that supplied received silver in vast qualities. In China, though many people believed the increase of trade that increased the amount of silver in china was beneficial, overall the extreme amount that flowed in caused problems. Granted the flow of some silver into China was not a bad thing, in fact, it was needed when the Ming Dynasty decreased that all taxes and trade...

Read more

Keywords

1539 1542 1570s 1571 1697 17th 2 3 account act addit affect alreadi also although america american amount anoth antonio appear asia attract aven bad barter bartolom base basic began begin believ benefici benefit british buildup buy casa caus centuri charl china chines chunji coin colon coloni come condit conduct continu contrast could count countri court d de dealt declin decreas demand demonstr describ dismantl doc doc1 doc2 doc4 doc5 doc6 doc7 doc8 dynasti earli econom economi effect emperor empir encomienda england english espinosa europ european eventu ever exampl expens extens extrem facilit fact fee fetch fill fitch flow frugal furthermor give go gold gold-most good gradual grant great grumbl harm hefti high howev hurt imped increas inde indian inform inn instead interest intern issu japan labor larg largest las like likewis limit littl lucrat luxuri mani manila manipul market mayb mercado merchant middlemen mine ming moneylend most must nativ need negat normal obvious offici often one opportun order organ overal paid part pay peopl philippin place pocket popul portugues posit possess potosi power price priest probabl problem produc producers/consumers product profit prospect protect public qlaoyuan qualiti ralph reaction reason rebellion receiv resembl save scarciti scholar see seem ship show side silk silver sinc social solut spain spanish state suppli supplier surpris sympathet system take takeov tax terribl therefor thing though time toma toward trade tradit transact ultim unrestrict use valu vaquez vasquez vast via way weaken wed well wisdom wish worldwid would write wrote xiju yarn ye yet