How Did International Trade Affect China

CAC

Global trade patterns and domestic economic affairs was significant to the world. It affects how well the country is running and makes it under control. Global trade patterns and domestic economic affairs has changed and continued in China from 500 to 1750. As time progressed, trade patterns and the economy became sophisticated and prominent. Many people began to depend and on the economic issues. Currency has changed into silver which became a huge demand. Today, the global trade patterns and domestic economic affairs is the way due to history. Due to unfortunate circumstances involved changed in currency and a look of diffusion, Chinese economy shifted a bit. As China developed lost contact with foreign regions and faced different conflicts, they changed trade patterns and domestic affairs. From the time
The barter system was trading item for an item and relying on interpersonal relationships for business. However, under the Ming dynasty, the currency was changed into silver. Silver was being imported and exported from many regions into China, where thriving domestic economy demanded increasing quantities of silver. The demand of silver was so high that Europeans exchanged silver for Chinese gold which they got more profit from in Japan. The Ming dynasty in China only accepted silver and nothing else. All taxes were to be paid with silver and traded with silver which led to the frantic demand of silver. The monopolization of silver led many people to get silver because only silver was accepted. However, the silver became overpriced since it was used as currency which led the Ming dynasty to not release silver in public. his lack of circulation had a huge impact on the economy which led to the downfall of the Ming dynasty. The change in currency damaged the Chinese economy so the currency changed. However, they used the currency to make the economy running by changing