Silver Trade Dbq Essay

The flow of silver from 1500 to 1750 C.E. drastically improved the economies of Latin American nations, which in turned allowed for a global shift in currency and altered trade. Also during this time period there was also a greater desire for global expansion and imperialism, as seen when Europe expanded towards the Americas. Interconnected trade allowed for more contact between various nations, but it also supported the idea that certain nations were superior. While Latin America was the source of the economic prosperity that occurred in this time period, nations such as Europe benefited largely as well; since Spain and Portugal still had control over the areas where silver was being mined, they were able to take the rewards and distribute for their benefit. Documents 2 and 4 describe how silver has become the leading trade object in East Asia.

George Percy Badge wrote, “They have guns with a noise like thunder and a ball from one of them, after traversing a league, will break a castle of marble.” This imply how using violence, the Portuguese have frightened the traders which made it easier for the Portuguese to get them to submit and obey their instructions. The other method the Portuguese use was the cartaz which Sushil Chaudhury have say that, “Under the cartaz system, every Asian ship was required to take a cartaz from the Portuguese... If a ship was found without a cartaz, it was automatically confiscated and its crew immediately killed or sent to the galleys.” This means other traders have to rely on the Portuguese in order to be able to trade freely.

There were Spanish American countries involved, the Europeans and Chinese were active around the flow of silver. Major silver mines were located in Mexico, South America, and in Japan. (Doc,1). Trading of silver flow allowed many countries to experiencing having goods, especially the Portuguese. This was giving the global trading a good effect, allowing different and luxurious items come into their world.

As well as trading their own goods for profit. Europeans valued goods such as spices including pepper, nutmeg, cinnamon, and cloves. Countries such as England, Spain, and France were seeking a northwest passage to Asia. The passage would be valuable because they hoped it would be faster and it would cut out the middle man, India,

The Silk Road began in the 2nd century BCE with the diplomatic missions of Zhang Qian sent by the Han Emperor. The Silk Road was largely fragmented, commodities carried by merchants of many countries on the Silk Road from present day China to present day Turkey. The interaction of these different cultures created a cultural diffusion that can be seen in the resulting names, tools, jewelry, luxuries and house wares that these different societies adopted. Silk was one of the most important items traded along the Silk Road. Once the Silk Road was open techniques of weaving the silken thread did not begin to spread because this material was similar to that used by cloth weavers.

They saw it as the “perfect stepping-stones” trade with China and the rest of Asia. American business men felt it was necessary for the government to show some authority and capitalize on this opportunity. American saw Manila as their

Economic Effects of the Columbian Exchange  Inflation of cash-crops, slavery and silver resulting from the Columbian Exchange caused a drastic effect on the global economy.   Cash-crops forged new trade routes across continents, slavery supported New World exports, and silver caused power shifts in the world 's distribution of wealth.   As Spanish expeditions to the New World increased in size and purpose, the economic effects on the rest of the world spread with equal vigor.   The triangular trade circulated commodities between Europe, Africa, and the Americas.   From Europe some commodities were distributed throughout Asia.

The Columbian Exchange caused inflation in Europe. Silver

Separate countries trade with each other without having to be annexed in another country, so the US took away the Philippines independence and they did not truly profit. In the end, Annexing the Philippines to profit from trade was

However, the U.S. Army War College suggests Japan’s end state was to seize Pacific countries to negate their dependency on U.S. trade and oil for to decrease their deficit (Record,

Both of these contributed to a more global commerce since new crops could now be introduced to the Old World and silver was highly valued all over the world. The European settlers were aware of the aforementioned facts and took advantage of the rich lands that could be found in the Americas. They farmed extensively, and the Native American techniques for harvesting in difficult land helped them. Furthermore, knowing that South America had rich silver deposits, the mined for the valuable material to export it for profit. This remained mostly unchanged during this time since Europeans had no need to look for other sources of profit.

Populists and other free-silver defenders upheld boundless coinage of the white metal with a specific end goal to inflate the cash supply, in this manner making it easier for desperate ranchers, farmers and small businessmen to obtain cash and pay off debts.

Having the use of trade available to different nations made it easier to focus on aspects of receiving the raw materials to make countries more valuable. According to a reliable source, “Overseas colonies could serve as reliable sources of raw materials not available in Europe that came into demand because of industrialization” (911). This meant that they could get rubber from rubber trees in the Congo River basin and Malaya and use it to make many things, from tires to pipes. Tin came from colonies in southeast Asia and copper came from central Africa. Tin and copper were mostly used to make tools and weapons.

When a region has to export goods It’s usually involves the things that are not available in their region of importing. The ocean wind have worked perfectly with the Europeans to use, They formed a triangle trade, so then it gets to each area and get what they need to get to. Mostly when they ocean winds is great to ship they use this time for shiping main goods such as food, crops, sugar,cotton, copper, and especially guns. Mostly in the middle of age of exploration regions did not have money to get them food and things they need by shipping they would do a contract with the place that they will export from the contract they say, Like you give me food and I will give you copper, so it’s exactly like a deal

Is Silver a good investment? Silver bullion buyers generally deem value in silver investing believing the precious metal is currently an undervalued long term store of value. As a source of wealth, silver has performed for many millennia. With the ending of the relation between silver and the U.S. monetary system throughout the 1960s and into the early 1970s, silver investor activities and silver industrial demand became the main factors contributing to the movement in silver spot prices and silver values. It is only in the last 40 years that silver has practically been divorced from its former day to day transactional use and roll.