The global flow of silver majorly affected the involved people’s society and economy in both a positive and negative way. In documents 5, 1, 3, 6, and 7, these documents show how the demand of silver has changed the economy and the society. In document 5, it shows how the currency has changed from battering to paying in silver. In document 1, it shows how the economy and society has been affected with the silver flow because, with the high demand of silver it caused the value of silver to increase, and so the official is urging the people to save their silver since the government doesn’t distribute out enough. In document 3, the out official reports that the grain prices are dropping because the government isn’t giving out sufficient silver for the people to use.
In China, the increased flow of silver bullion heavily affected China's economy when the Ming Dynasty decreed that all taxes and trade fees be paid in silver. In the 1570's, the increasing scarcity of silver coin endangered the Ming economy as people were unable to pay for their taxes. This problem was presented by Wang Xijue to the Ming Emperor in 1593 in order to demonstrate the need of silver coin in China. As a court official, Xijue most likely felt that the declining economy may lead to public unrest and eventually to rebellions against the government, and he hopes to circumvent this through his report to the emperor (document 3). Likewise, He Qianyuan, another court official, denotes the declining economy of the Ming through a report to the emperor on the possibility of repealing the ban on foreign trade.
This economy was very helpful to the rich but detrimental to the poor. The gap between these two classes was expanded immensely. It was almost as if the rich could control everything about their well-being; because if you were rich, you had power. During this era, the immigration increased after the Civil Wr. Cities like New York, Boston, and Chicago were overwhelmed with immigrants.
These policies include a higher protective tariff and lower taxes. When Harding arrived in the white house, the nation was in the midst of a post-wartime recession as a result of the decrease in production of wartime materials. The Harding administration successfully stimulated the economy with local public works projects and business shared work programs. This recovery evolved into the economic boom and the innovation of the early 1920s that gave the era the nickname the “Roaring twenties.” The mind behind the Warren administration’s success was in fact the secretary of the treasury, Andrew Mellon. Mellon was a multi-millionaire from Pittsburgh who had a lot of experience with economics.
Collectivisation was introduced by Mao in 1958, in 1958 production rate of food was at 200 million tonnes, but by 1960 the production rate had fallen to 143.5 million. Within 2 years one of Mao’s own policies had caused a fall in production rate of 56.5 million. Despite the figures Mao insisted that many peasants were growing more food than necessary and keeping some for themselves, Mao accused the peasants of being ‘inherently capitalist’ and that they were against being a part of a communist state. The policy of collectivisation contributed hugely to the scale of the famine; the peasants resented the change as they didn’t have enough land to farm their crops, on top of this the authorities believed that they needed to be ‘strictly controlled and directed’. This attitude towards the peasants amplified the issues of collectivisation and caused scale of the famine to worsen.
Contrast between Andrew Carnegie and Henry George Andrew Carnegie and Henry George both had very influential roles in the gilded age and they both wanted to reduce and eliminate poverty. All though they shared a common goal, they both had very different ideas on obtaining such. George was a journalist from California who was a fierce critic of the economic inequality of the gilded age. Carnegie was a savvy business man who knew how to maximize profits, and he believed in giving back to the community. Carnegie was a Scottish immigrant who built his empire from the ground up, as he was not always rich.
Vanessa Ibarra 3B, Hines 1/28/13 Silver Trade DBQ The increased flow of silver during the mid-16th centuries to the early 18th centuries caused numerous social and economic effects, even including aspects of many countries through trade, effecting land and the value of silver. These social and economic effects include increasing social class distinction in China and Europe, and even as well as hurting Spain’s economy. But also the global flow of silver during this time period caused many disputes and changes economically between involved countries as seen in documents four, eight, and two. According to the documents, the silver trade seems to raise many issues all over the world. One of the most critical issues was economic and social effects.
At the end of Mao’s rule, Deng Xiaoping took control of China, and transitioned its nationalized economy to a capitalist market. Though the economy greatly benefitted from this shift, millions of people became destitute and the state of the environment became worse. One way this economic transition did not benefit the Chinese people is the standard of living. The state-owned factories “went bankrupt” and people’s “incomes kept falling”, and the unemployed were unable to support themselves and their families without
Main causes of French revolution were poverty, hunger and malnutrition. Bad weather caused poor harvest for several years, and the French government did not help people. Immediately before the French revolution bread riots broke out. The reasons for differences of American and French revolutions were the leaders. In America, most of the leaders were, wealthy bourgeoisie, who owned vast manors and incredible wealth, so they were concerned about their wealth and their place in the society, they had much to
New Deal Essay The depression caused by the 1929 Wall Street stock market crash crippled the American economy, deflated the optimistic outlook most Americans thought to be their birthright and tarnished the values by which the country’s businesses, farms, and government were run. During the next decade, the momentum of the Great Depression impeded their attempts to make ends meet. The Depression affected essentially every aspect of American life. The New Deal was somewhat effective in getting the United States out of the Great Depression. In the source titled, “A New Deal for the American People”, the author, Roger Biles supports the importance of New Deal programs in creating economic stability and preventing another depression from happening in the future.