2002 Dbq Analysis

Documents 3,5,6, 7 and 8 all mention how the economy changed dramatically due to the arrival and growth of silver as a currency. In document 3, a Ming dynasty court official writes about how the silver coin is hard to come by because the government is hoarding all of it. They take silver for taxes but do not redistribute it to the people. He is writing this because he is trying to convince the emperor to distribute the silver more appropriately to the people, and because his family is obviously not doing well financially. He is a court official who most likely has small influence in the government and writes in hopes of getting the emperor to consider spreading the wealth to the lower classes of China, to save his family, and other families like his. Document 5 expresses a different, but somewhat related view about how silver has become a hindrance to regular business interactions, because customers can no longer trade items of their own to purchase goods, they have to go through a lengthy process to pay everything in silver. Document 6 shows a counter point of view about the wealth that the mining of silver has brought to Spain. Document 7 is a report written to convince the emperor of China that there is much wealth to be found in foreign trade, because of how much silver some countries will pay for Chinese goods. Finally, document 8 examines how European countries are able to purchase Asian commodities freely because of their immense supply

To top it all of the Chinese goverment requires that all taxes be paid in silver.(Doc.3) Antonio Vázquez de Espinosa, a Spanish priest, mentions that they've taken around 326,000,000 silver coins out of the deposit they found in Potosí.(Doc.6) All these documents show that the silver trade made economy's to become more monetized and it decreased

Silver, the monopoly of the old world changed many things. In China, there was such a lust for silver that they now began interacting with Europe. Spain began venturing to the Americas in search for silver. Doc. 3, 5, and 6 talks about how China was hurting their own economy by hording the silver and they didn’t give it back out to their people, Doc. 2 and 4 explains Asian trade and how it changed China, Doc. 7 and 8 talks about how China benefited from the silver trade the most. Doc. 3, 5, and 6 talks about how China was hurting their own economy by hording the silver and they didn’t give it back out to their people.

The wealthy were able to obtain more silver than the lower class causing an unequal distribution of silver. China has issued a new policy to limit wedding expenses. They are requiring the payment in silver which explains their way of limit wedding expenses. The frugal man would have something left over because he is able to save and use limited resources. While the other extravagant man would spend much more than is needed. These men are from two different social classes. Ye Chunji was a county official during the Ming Dynasty and must have earned the position he is in so he is able and has the authority to limit the wedding expenses of a frugal and extravagant man to what he feels is right. (Doc 1). China’s policy of silver being paid as taxes has affected grain prices and has mainly affected poor peasant farmers. This expresses dominance the government has over the farmers which is causing them troubles. Wang Xijue, a Ming dynasty court official reported this problem to the emperor. In the report he criticized the national government’s new silver policy about the farmer’s lack of silver. He personally could have been a farmer himself and rose to more power which is affecting his view. (Doc 3). In China, the dye shops have changed the way they charge their customers for service. They went from not using money to a currency way of paying. This made the form of

During the time of the sixteenth to eighteenth centuries, there was what some consider to be the start of a global economy. During this time there was one main resource that began to factor into multiple societies and economies. This resource was silver and it contributed greatly to the global trade and societies of Europe, Spain and Britain, and China. Silver drastically influenced the fluctuation, rise and fall, of global trade in both Spain and China between the sixteenth and eighteenth centuries.

Over the past several decades, there have been great tensions between the United States and the Soviet Union which continue into what is known today as Russia. Suspicions and tensions between these two countries increased greatly during and directly after World War II, particularly between 1941 and 1949.

This phrase says it all, Europe desperately wanted goods from China, and they send China silver and gold in return. This want for Asian goods, spread the want for silver because silver was the only way to get lots of goods from Chins, and this want for Chinese goods sparked trade networks between states to obtain silver and Asian

The land of Texas, explored only by Indian tribes at the time, had long been disputed over by several countries interested in north American colonies, in which Spain took the lead. In order to colonize the land, the Spanish believed their first step must be to establish a mission system, in which natives would convert to Catholicism. In theory, this would allow an easier colonization process; however, the attempt was a failure and Texas, once again, became useless. All the while, Mexico was gaining its independence and soon began to encourage immigration to the stagnant colony. This became an opportune time for Americans to settle in the area as well and the territory became quickly populated, but just as soon, slavery was immediately outlawed.

The primary flow of silver had severe effects economically and socially from 15000-1750. Some effects are the economic imbalance which caused social suffering, the social anarchy of robbing and more, and when the economic imbalance caused them to be active within the trade business which helped their economy. Documents 1, and 3 show the social effects that evolved from economic aspects. In document 1 it shows that the demand of silver had effects on the poor and also the rich. The source of document 1 was Ye Chunji, who was a county official during the Ming dynasty.

Great Depression. The deepest longest-lasting economic downturn of the history of the western industrialized world. Began soon after the stock market crash of October 1929 (Black Tuesday) which sent wall street into a panic and wiped out millions of investors. Roosevelt was sent in to office replacing Herbert Hoover, a possible cause of the Great Depression, for twelve years or three terms.Though the time was devastating the positive outcomes like the automobile improvement and other improvements still last to this day. Although discrimination was a problem employment was increased so the New Deal was helpful for the problems of the great depression.

During the 1790 the country was split up over the rise of political parties. There were the federalists led by alexander hamilton and the democratic-republicans led by Alexander Hamilton and the democratic republicans led by tomas jefferson. The federalists and democratic-republicans have different views on many things, including the interpretation of the constitution, strong parts of the nation's economy and if the alien and sedition acts were important to have in our country.

Wang Xijue, an official in the Ming Dynasty Court, said that the Chinese government required that taxes and tariffs be paid in silver (Document 3). Xijue mentions how China’s silver policy adversely affected grain prices which affected the poor peasant farmers the most. Furthermore, Ye Chungji, a Chinese county official, stated how China’s policy of requiring domestic taxes to be paid in silver may explain order limiting wedding expenses (Document 1). Chunji, as a county official through China’s merit-based civil service system, uses the word “frugal” which justified the limitation on wedding expenses by noting it was in keeping with the Confucian value of frugality. This just proves how paying in silver affected the traditional Chinese culture. Due to this, the traditional Confucian social order was threatened. To add on, Xu Dunqui Ming writes in an essay that seems directed at the general public, of the unfairness of dye shops in the commercial city of Hangzhou and explains Ming China’s conversion from a barter economy to a currency-based market economy as customers now “receive a bill, which must paid with silver obtained from a moneylender” (Document 5). This only silver means of exchange likely harmed lower classes the most by plunging them even further into debt by forcing them to borrow from a money lender to get silver and explains the decline of traditional Chinese society and economy. Furthermore, the increased flow of silver brought inflation in China. He Qiaoyuan, a Ming court official, reported to the emperor that the trade ban should be lifted because of the inflated price of Chinese products in the Philippines by commenting on large supply of Spanish silver in the Philippines that led to massive inflation of 100 to 200 percent for silk yarn (Document 7). However, Qiaoyuan’s motives in his report is suspicious because repealing the ban on

In 1763, the British and the colonists emerged victorious from the Seven Years’ War after the signing of peace terms at Paris, granting Britain a colonial empire in North America and an end to control of North American lands by the French and groups of Native Americans. These similarities did not last long, however. On October 7, 1763, Parliament passed the Proclamation of 1763, prohibiting colonial settlement west of the Appalachian Mountains, a frontier which the colonists believed they could explore after defending and securing a New World empire. This angered the colonists, and their bitterness toward their mother country would become significantly stronger over the following twelve years leading up to the inception of war with Britain.

The changes that took place regarding trade between 300-1450 impact other parts of history. One effect of the occurrence of trade in this region was the

The combination of increasing unemployment rate and food price created severe poverty across the nation (Goldfinger par. 1-3). The currencies in China, too, went through a lot of changes to accommodate the increasing trade. At first, the silver Spanish dollars became rare and increased in value so much that it was outlawed as a usable currency. However, at the same time, the Chinese copper currency were also being used less due to the fact that the metal was becoming rare and the administration of the currency was extremely poor. The Mexican dollar was introduced but the problem was not solved until paper money were used in 1853 (Goldfinger par. 2). To make the economy worse, during the First Opium War, China had to pay six million silver dollars to ransom Canton, and an additional nine million dollars were paid to foreigner traders for their loss. Later, twelve million taels of silver were paid to Britain and France under the treaties negotiated after the Second Opium War. All of those factors weakened the Chinese economy in the 1800s (Allingham par.5-9). However, the Opium Wars’ impact is everlasting, for “the Chinese have embarked on a long and arduous struggle to expunge the humiliations which they suffered during and since the Opium War…Foreign industrialists may continue to dream of the supposedly unlimited China market, but the Chinese…are determined to keep the 'open door' sufficiently ajar to import vital technologies, while keeping all unwanted