DBQ Essay On The East-India Trade '

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Jimmy John 02/3/2013 AP DBQ Essay Silver Linings A group of natives struggle out of a deep mine to relinquish the silver many died to gather. In 1492 when Columbus opened up the Americas to European colonization many countries came and took out chucks of land some finding silver. Spain discovered such ore and in result control production and distribution from 1500s to 1750s causing huge economic and social changes. China took advantage of the inflow of silver and made substantial profit from taxing it. From 1870-1750 the production of silver created new living luxuries, altered Spanish policies, and made new economic ideas. The mass amount of silver developed a new standard in luxurious living in Europe. Charles D’Avenant, an English scholar, wrote “An Essay on the East-India Trade in which he states “but since Europe has tasted of this luxury, since the custom of a hundred years has made Asian spices seem necessary to all degrees of people, since Asian silks are pleasing everywhere to the better sort…it can never be advisable for England to quit this trade, and leave it to any other nation. D’Avenant depicts how Europeans began to depend on the goods Asia supplied in return for…show more content…
Instead of bartering many shop owners only accepted silver as payment best explained by Xu Dunqiu Ming in his essay The Changing Times saying customers could pay for dye with other objects but now only accepting silver from money lenders. With a currency in place the concept of saving arose once explained by Ye Chunji, country official during the Ming dynasty, saying “that frugal man with only one bar of silver currency can have something left over, whereas the extravagant man with a thousand can still not have enough”. This is a prime example of currency based concepts. Wang Xijue, Ming dynasty court official, gives a description from elders of his home explaining how grain may be cheap yet scare a new idea for this
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