Thursday, December 26, 2013

Silver: the Fall of the Ming Dynasty

The main argument made in the article, International currency Flows and the Chinese Economy circa 1530-1650 by William Atwell, is that during the one-sixteenth and early seventeenth centuries, an inflow in the lease of silvery and foreign essential of Chinese goods led to the fall of the Ming dynasty. Chinese merchants massd for large quantities of silver. It started score as simple supply and demand. However, as the supply stop rising, the demand kept rising causing inflation in mainland chinaware. By looking at charts that show the relationship surrounded by the year and the amount of silver imported, I will be able to support my belief that major factors to the fall of the Ming dynasty was the let up of foreign get by and the over-dependency on silver as monetary funding. In the fourteenth and fifteenth century China had function dependent on precious metals as they started using them for monetary use. They were able to mine their own copper and silver fo r so long but even that soon turned scarce. The merchants of China were smart though and knew they needed to find a judicature agency to get silver. Throughout the sixteenth century whole deposits of silver were lay out in Japan. This silver was quickly found in the hands of Japanese merchants which would soon be traded with China.
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under-the-counter handicraft amongst the Southern Chinese merchants and Japan started around the set of the sixteenth century. This would be named the Sino-Japanese trade. The Ming government tried to control trade amongst the Japanese however, noticed smuggling along the c oast, forcing the Ming dynasty to prohibit t! rade mingled with the two countries. That did not stop Chinese merchants and by the 1540s they were seen trading Chinese goods for silver at ports in souther Japan. It is impossible to determine how much silver was traded between these countries as much of the trading was done illegally. Evidence shows that there were as many as ten to twenty ships for trading. These fleets of trading ships were controlled...If you regard to get a full essay, order it on our website: OrderCustomPaper.com

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