Based on the provided documents, the social and economic effect of the global flow of silver from the mid-sixteenth to the early eighteenth century is because of finance management, currency exchange, and the high demand. Three additional documents which could help further answer the question would be a letter from the emperor of China, a frugal Chinese man, and the leader of Portugal. One way the economic effect of the global flow of silver from the mid-sixteenth to the early eighteenth century was due to finance management. In an order issued to limit wedding expenses, by country official Ye Chunji, explains that frugal men are able to spend while having silver leftover. The silver being spent had to be managed by everyone, no matter how large or small the amount of silver is.
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.
It paved a path that led to the Emerald City, which stood for Washington DC. The gold standard caused deflation in the economy, which hurt farmers. Deflation was good for the banks because the farmers would pay loans back to the banks and they would be worth more money. These symbols were vital to the 1896 election and The Wizard of Oz. The characters in the movie are also based off important people from the 1896 election.
Although practicing law was his profession, being involved with the Republican organization secured his future. Polices in his election campaign:. McKinley hoped to make American producers supreme in world markets, and so his administration had a push for those foreign markets, which included the annexation of Hawaii and interests in China. Major Issues: Among the most important domestic issues that President William McKinley had to deal with during his presidency, bimetallism and tariff legislation loomed large. Through most of 1897, the McKinley administration pursued an international agreement to include silver, along with gold, as an acceptable backing for the major European currencies.
The benefits that India gained during British imperialism was that they had western education and modern science.The British also built a government bureaucracy that provided law and order as well as the judicial system. document 4: List at least five benefits of imperialism side by this author. this Author believed that British imperialism brought many benefits.he believed it brought communication, transportation systems, and an irrigation system that increased farmland production.India also had an improved sanitary system and social welfare system. document 5: what are the benefits of imperialism identified by this author? The author identified the benefits of imperialism as the "standards of humanity".These included the end of female infanticide,slavery, and slave trade.
The Trans-Atlantic trading system mainly took silver from deposits in Potosí, Bolivia, thus, creating a connection to the old and new world. By trading silver with Chinese, who only accepted silver from the Americas, it created a high demand for silver, allowing an increase in global economy. Resulting in the middle passage, the Trans-Atlantic had a gigantic involvement with slaves, who kept up sugar plantations, thus, connecting West Africa to the Caribbean and America to Western Europe. In contrast to the Trans-Atlantic, the Indian Ocean trade connected East to West Africa and Europe to Africa. Goods traded along the system included silk and porcelain from China, spices from SE Asia and peppers, pearls, and cotton from India.
The British involvement in Africa was down to economic reasons; this is clear throughout the time period as most events which take place in Africa can be linked back to economy. One of the most important ecological was the purchase of 44% of the shares in the Suez Canal, these became available when the leader of Egypt; Khedvie Ismali became bankrupt and had to be bailed out. Disraeli bought the Egyptian shares in the canal for £3,976,582 in 1875. The purchasing of these shares was important as it gave Britain influence over this area, but also it opened a direct trade route with India. Due to British and French influence in the area, Britain and France assume dual control of Egypt’s finances.
Although the economic effects of silver flow from the mid 16th century to the early 18th century seem to perceived similarly in the separate countries, the social effects are more biased based on the source’s point of view. Documents 4 and 5 show that silver was the preferred means of pay even though the sources were from different points-of-views (British and Ming respectfully), however; documents2 and 7 show that the Spanish and the Chinese have different views on their hometown effects. The documents that are in terms of economy prove to be impartial such as document 4 which involves an outsider’s view from Britain who is analyzing the Portuguese’s use of silver for the Chinese goods.In document 5, the Ming writer portrays a blatant statement that in older times, a simple barter for dyed cloth would suffice but with the since the economy is becoming more desiring of silver, common shops are starting to complicate things with solid payments of silver.For the Spanish vantage, the priest states straight facts saying that according to official records, there was an incredible amount of silver circulating.A document that would increase the understanding of the economical effects would be a report from an official documenter in Manila that has the ratio between the silver going out versus the amount of goods from China to show who has the advantage in the trade- to serve something that has a professional view. By contrast to the non-opinionated economic effects, the social effects of the silver circulation differs opinions that represent each nation involved. Taking a look through the Ming Dynasty’s eyes, they believe that the greed involved in the silver is corrupting their lives.Interesting enough, all of the documents that are considered “Social Chinese”, they all are from the Ming officials.In document one, the Ming official is arguing that
In addition, Hernando Cortes inspired and exchange of technology between Spain and the Native Americans with an example being the plough, which extremely helped farming. They also shared with the Native Americans hunting techniques such as the use of traps, muskets, axe-heads etc. which substantially improved hunting ability. Hernando can also be commended for introducing metals and irons into Mexico which aided the Spanish in conquering the Aztecs. Most importantly, Hernando was able to spread Christianity throughout the “New World” because the extent of his colonisation enabled Christianity to spread much more rapidly than earlier.
Silver Trade DBQ The abundance of silver in Europe and the Americas had a great impact on the Chinese economy as the demand for silver by the Japanese and Chinese greatly increased to match the supply during the mid-sixteenth to the early eighteenth centuries. Based on the Documents, Spain had much to gain economically by selling their abundance of silver to the Ming Chinese and Japanese while the Chinese and Japanese economies suffered due to the deflation of silver in their own regions. These fast economic changes caused drastic change socially by changing the standard of living as well as the mindsets of the people toward the silver trade, such as the issue of slavery, reflecting on their government. All the while other European countries such as Britain and the Portuguese were able to take advantage of the supply and demand of silver to make money as middlemen. The Spanish were able to mine the silver with some economic benefit quickly turning into negative inflation, and the British were able to buy from the Spanish and Japanese and sell to the Chinese as middlemen.