https://padlet.com/vestal78/c2qi3p3x61g9 Document based Discussion en-us 2017-02-21 14:28:17 UTC 2017-02-23 09:36:57 UTC hello@padlet.com https://padlet.com/vestal78/c2qi3p3x61g9/wish/155168182 FROM THE 16TH CENTURY TO THE EARLY 18TH CENTURY, SILVER TRADE BENEFITTED THE UPPER CLASS OF EAST ASIA, AS WELL AS THAT OF WESTERN EUROPE DUE TO THE COLONIZATION OF SILVER LANDS IN THE NEW WORLD AND EAST ASIA"S UNWILLINGNESS TO TRADE WITH FOREIGN GOODS.]]> 2017-02-21 15:02:39 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155168182 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155168652 DURING THE LATTER HALF OF THE EARLY MODERN PERIOD, SILVER WAS INCORPORATED INTO THE GLOBAL ECONOMY IN A WAY THAT IT INCREASED THE GAP BETWEEN THE WEALTHY AND POOR FOR SILVER BEING SCARCE, ULTIMATELY LEADING TO POVERTY AS WELL AS CHANGING THE WAY THE NATIONS TRADED AND THE TYPE OF CURRENCY THEY HAD.  ]]> 2017-02-21 15:03:45 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155168652 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155168700 THE EUOPEANS MINED SILVER FROM ASIA WHICH WAS WIDLY USED AS A CURRENCY. THIS IN TURN MADE THE EUROPEANS VERY WEALTHY WHILE ASIAN COUNTRIES FELL INTO A SHORTAGE CAUSING FAMINE AND POVERTY IN THOSE REGIONS. In document 6, it states that the Spanish had gigantic mining operation in the West Indies and China inofficially confining the population to the mines. This combined with the the Europeans taking the ore and transporting almost all of it made the asian countries populace inable to pay the taxes they would regularly pay making them impoverished. Document 5 further supports the thesis by explaining that the Europeans bought chinese goods for a reduced amount of silver, they would then sell the goods to other asian countries for a increased price. This cut any chance for China to trade directly with others. ]]> 2017-02-21 15:03:52 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155168700 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155169135 FROM THE 16TH CENTURY TO THE EARLY 18TH CENTURY THE GLOBAL MARKET AND SOCIAL INEQUALITIES WERE INFLUENCED BY SILVER TRADE]]> 2017-02-21 15:04:42 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155169135 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155170463 *From the 16th century to the early 18th century the global flow of silver affeced the trade within euroasia based of the needs and wants of forgien countries.*  
The social side of euroasia was effected by siver because of the fact that silver was the forgien currency of many coutnires and based on how much you had of it would determine your power. Asia did not have any aliences so they were not fair to them and took advantage of there need to accumnilate gold and silver. (doc.7) Europe having tasted the luxury of asian goods and culture wanted more so they would work very hard not in trade and jobs but in the fine arts knowing places such as china needed silver but could not get it from japan they would take what they needed in order to get the luxury/art they desired. While both Asia and Europe were based on the flows of needs and wants but europe looked to expand where they could get silver from and founded the new world taking whatever they could and forcing the indians to work for the flow of trade.]]> 2017-02-21 15:07:31 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155170463 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155170952 A large part of the global trade was silver from the East Indies. This caused both a conflict within the social and economic order of the early modern period. Aquiring silver in the new world was through was the mita in places like Potosi. In document 6 it talks about the rough work that the indians were experiencing to mine the silver. Along with the silver trade there was a high damand for other luxury prouducts. The necessities that the Eurpeans had were spices, dyed cloth, silks, drugs, and cotton that all came from the East Indies and paid for with silver. The conflict that was encountered in Ming China when the merchants would trade goods for goods and getting silver in return (Doc 5). Eventually trade within the Dynasty resulted in goods for silver.

]]> 2017-02-21 15:08:38 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155170952 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155171663 Socially, the high castes of China and Japan benefitted from the high price of silver because of the high demand for their products. As said by a writer in 16th century Hangzhou, a city involved greatly in the silver trade, the economy was ultimately changed by the shop owners and their unwillingness to accept any form of payment but silver (Doc 4.) This harmed the economy in China due to the scarcity of silver among the lower classes. A Ming dynasty court official once said that the government also required silver for taxes, but the silver was very hard to come by among the lower classes (Doc 2.) This hoarding of precious metals caused grain prices to fall, which led to a defecit in the profits of the lower class farmers. Ultimately, the world's economy was affected greatly in the desire of silver by the Chinese. 

Europe affected Asian economies by supplying silver that could not be found anywhere else, and was heavily desired by the Asians. Likewise, the Europeans desired Asian goods that were unique to the region, so Asia monopilized off of their products (Doc 7.) Similarly to the gold trade in North Africa in the post-classical time period, precious metals became a commonplace in the game of trade. ]]> 2017-02-21 15:10:16 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155171663 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155462841 Document 2 futher exmplifies that China was in a silver crisis. It says that even though the country was in a famine, the rice was still cheap due to the shortage of silver currency. Before the currency of silver was widely used in asia, due to the europeans, asain cultre used rice, wheat, and soybeans for trading, in which Document 4 explains. Once the europeans srarted mining for silver silver was forced into the economy to be used as a currency. Thus people lost a lot of wealth and specicif people with exchange for silver made tons of money, this ruined alot of people.]]> 2017-02-22 14:50:34 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155462841 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155463391 Mansu Musa was the ruler of Mali at the time, and he was on a journey to Mecca. On that journey, he used gold as a primary form of payment, leading to an economic boom in North Africa, just like the economic effects of silver on the Asian coast. China's monopilization of silver trade put Spain and some countries in western Europe at a disadvantage. As stated by a Spanish scholar in 1571, Spain was losing its riches that it had obtained in South America due to its trade with countries who desired the currency itself (Doc 1.) The Chinese used its advantage in global trade by finding the best deal on silk in order to obtain their most precious silver (Doc 5.) China most often traded with perishable goods, leading to a deficit in western Europe when it came to their silver riches. The Japanese had obtained and mined much of the ]]> 2017-02-22 14:51:47 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155463391 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155463789 The flow of silver eventually caused inflation in spain. This caused a widening gap of rich and poor within the early modern society. Along with the inflation of silver it did improve China's chances to get paper money on order to back its currency.  Also silver was a heavily taxed item in the Philippines and China with a 20% tax rate (Doc 6). In a way trading on the coast helped transport more goods than silver avoiding the Sahara desert trek. It is mentioned in dicument 7 that the dutch traded luxury items, and brought them to England to trade with the rest of Europe. The silver that was sent to Asia, was never seen again. In conclusion trade was influenced by many countries that need a high damand for silver.]]> 2017-02-22 14:52:32 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155463789 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155464277 The social side of euroasia was effected by siver because of the fact that silver was the forgien currency of many coutnires and based on how much you had of it would determine your power. Asia did not have any aliences so they were not fair to them and took advantage of there need to accumnilate gold and silver. (doc.7) Europe having tasted the luxury of asian goods and culture wanted more so they would work very hard not in trade and jobs but in the fine arts knowing places such as china needed silver but could not get it from japan they would take what they needed in order to get the luxury/art they desired. While both Asia and Europe were based on the flows of needs and wants but europe looked to expand where they could get silver from and founded the new world bases on these wants. 
From 1500-1800 mexico and peru produced 80% of the world silver,  30% of that going into the chines market. The national government requires silver for taxes but disburses little sivler in its expenditures. because of this the value of silver was extreamly high within china, making it nearly impossible to have a comfertable living. ]]> 2017-02-22 14:53:34 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155464277 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155470452 2017-02-22 15:07:01 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155470452 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155472565 2017-02-22 15:12:23 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155472565 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155615146 silver found in the hands of the Japanese, and a British merchant once said that "The Portuguese use this Japanese silver to their great advantage in China" (Doc 2.) The desire for the silver was so strong in China that other countries were able to use this for their own gain. The effects on the economy of the entire world were greatly affected by the silver trade throughout the early modern period. ]]> 2017-02-22 22:08:55 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155615146 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155644008 In document 1,  it says that Spain had some issues when prices starting rising. But the prices helped the Asian economy. In one of Spain´s territories in the philipinnes, the Chinese would pick up silver for their country. Document 3, it explains where the Portuguese get their silver coins. The Portuguese have a port in China, which they would send a ship to Japan.They would get about 600,000 silver coins each year. With the coins they would trade goods with China.]]> 2017-02-23 01:59:44 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155644008 https://padlet.com/vestal78/c2qi3p3x61g9/wish/155670650 Silver's position in the economy was one that ultimately widened the working and elite classes, and was a new way of purchasing and selling goods. Document 2 gives a look into the world of the peasant farmers and a more local economy, stating that "as the price of grain falls, ... less land is put into cultivation". There is a direct correlation between a lack of food and a lack of money. This document displays the immense importance to maintain a healthy level of silver in the system. Document 4 has a similar idea, a view of common people, showing that a dye shop must change its prices and ways of purchase. This might have caused unrest in communities of people who did not understand the reason for the change. Document 1 states that "silver currency flowed out to pay for them" in response to Asian commodities.The Chinese in particular had an excess of silver that helped them to dominate other nations in the world economy. Document 3 has a similar theme, though it talks of the Portuguese. It highlights that the world economy was not as simple as some may perceive it. The Portuguese sell goods in Japan and obtain silver with which they purchase luxuries in China. While a more simple example, it highlights that international trade did not always involve only 2 nations. The fifth document and the seventh both talk about international trade and follow the theme that most of the documents discuss - Nations traded for things they didn't have. Not only this, but since silver is a naturally occurring resource, some nations could become extremely wealthy simply by mining. The fifth document gives an example of Spain, who had "silver mountains". It also gives insight into price differences. The Philippines desired things like silk, pottery, sugar, and fruit and thus payed more for them. These basic ideas exist still today. The seventh document also states that nations desired things that they did not have, but is focused on European nations. Finally, the sixth document gives a sight into the economic controversies of silver as a global currency. With silver being mined, certain nations, in this case Spain, grew immensely wealthy. ]]> 2017-02-23 07:21:16 UTC https://padlet.com/vestal78/c2qi3p3x61g9/wish/155670650