Silver DBQ - 914 Words

Silver DBQ Essay The global flow of silver from the mid-sixteenth century to the early eighteenth century had vast effects both socially and economically around the world. By this time an interregional trade network had been clearly established and world trade was booming. When China, a prominent trade nation, accepted silver as its currency and would only exchange for it, the importance of silver increased. This new rapid scramble for silver proved to be both beneficial and disastrous. While countries which were lucky geographically in their supply of raw silver could now trade prominently with China, demand created an increase of labor and social unrest. Reliance on silver both helped and hindered economies and societies, bringing†¦show more content†¦2). Europe seemed to remain the most neutral in this desperate silver trade, choosing to remain only involved enough to observe. British merchants were not entirely reliant on trade to or from the Asian worlds so merely recorded how China re ceived â€Å"nothing but silver† (Doc. 4) and the Portuguese use this to â€Å"their good advantage in China†. However, England could not remain completely unaffected as scholars such as Charles D’Avenant observed. Luxury goods especially spices and silks have become prominent in European culture. While Europe draws from Asia â€Å"nothing on solid use† it has â€Å"tasted of this luxury† (Doc. 8) and it is not advisable for England to pull out of this silver trade. England could afford to remain more objective, but it could not pull out entirely. It had roots planted early on, and it would cause severe social disturbance to tear them up. Yet despite any conjectures drawn from accounts of scholars, merchants, officials and priests it is impossible to know the full extent of the economic and social effects of silver without the voice of the common people. It was the commoners, laborers, slaves, farmers and peasants which bore the full brunt of the t rade. Their every day lives relied on day to day paychecks, which mandated how they survived. It is the rise and fall of poverty in the peasantry, the social unrest or benefit of the commoners that would reveal the true effect of silver. The majority of all ofShow MoreRelatedGlobal Flow of Silver Dbq Essays1397 Words   |  6 PagesThe global flow of silver managed to redefine the social structure in many societies, as well as dramatically altered the basis of the economy in many European and Asian countries. Despite the economic change that came from the mass production of silver and its use as a standard currency, the growth of the silver industry brought as much change socially and culturally as it brought economic transformation. Many people viewed the conversion to silver being the standardized currency as a huge hindranceRead MoreDocument Based Question: Global Flow of Silver1671 Words   |  7 PagesDocument Based Question (DBQ): Global Flow of Silver During the mid-seventeenth century and early eighteenth century, many events occurred along with the global flow of silver bullion. In the early 1600’s, the Dutch East India Company was founded and this contributed to the Dutch Golden Age of trade, science, military and art. Also in the early 1600’s, Tokugawa Ieyasu seized Japan and made the Tokugawa Shogunate military government that was headed by the shoguns. In the mid 1600’s the Taj MahalRead MoreEssay on Hansa Verses Swahili1007 Words   |  5 PagesAP WORLD HISTORY DBQ By Jessica Zheng Period 4 Nov/Dec 2010 AP WORLD HISTORY DBQ By Jessica Zheng Period 4 Nov/Dec 2010 Prompt: While the Hansa and Swahili shared many similarities, their differences were equally important. 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Farmers fought against the Gold