Enriched Global 9
Flow of Silver
The Silver trade boomed from 15701750,making silver one of the most traded items of the time period. The flow of such h
silver during the mid16t
had social and economic
effects to the regions connected by the trade , such as, increasing class distinctions in China and Europe as well as hurt the Spanish and Chinese economy. The Silver trade puts a countries such as China in situations whereas the Silver trade helps or hurt the civilization.
The Silver Trade became a major influence on the society of those connected by the Silver Trade. China’s society was influenced by the trade of silver because the income of silver was not shared amongst the people, causing farmers to depreciate in standing because they are unable to grow crops without paying for laborers (Doc3). In a later time, this “gray area” casted over China’s society seems to slowly lift because the middle class profits from the use of silver more instead of barter (Doc5). Furthermore, in Europe, the middle class also gains in social standing (Doc4). The merchants and other businessmen make profits by selling the silver that they get from Japan and trade this for luxury goods in China. Although the trade of silver positively influenced some societies, the trade also gave birth to a problem involving inhumane treatment of slaves. From 1545 to the 1620’s, the Native American worked in dangerous
situations involving treacherous ladders that over 3,000 Native Americans worked on (Doc6). A Spanish priest may think that this is unjust to treat humans this way because priests support peace and equality. A record showing the number of casualties in the mines would help assess how harsh the conditions were. To conclude, The Silver Trade affected social structure, depreciated value of farmers, and changed the way business was done. ...
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