In this time period, Spanish colonial America and Tokugawa Japan were leading the world. They led the world in silver production from the 1500’s to the 1750’s. The mining of silver affected the world, socially and economically in many ways which is presented in the documents. The documents 4 and 8 show how the global flow of silver is bettering the economy and social status of others. Document 4 is by Ralph Fitch, a British merchant. This document is about how the Portuguese go to china to get goods and go to Japan to trade those goods for silver. They also get more goods from China to keep for themselves. Because this document was written by a merchant from Britain, he would believe this is a good trade. He would agree because Brittan was getting goods and therefore would also benefit from this trade. Document 8 by Charles D’Avenant, an English Scholar, says how Europe has had luxury items and doesn’t want to let them go. Therefore they will never want to stop this trade because it is bettering there economy and their pleasures. This document was written by an English scholar. This is significant to his point of view because he was a middle class citizen and England was benefitting from this trade. These documents were grouped together because it shows how good it would be to the economy of these places because they are getting the goods and silver. The documents 2, 3, 5, and 6 are grouped together because it shows how the silver trade has not benefitted economically and socially. In document 2, by Tomas de Mercado-a Spanish scholar-, it says that the high prices are ruining Spain. Document 3 is by Wang Xijue, a Ming Dynasty court official. It states that the people don’t have enough silver to pay the taxes therefore the grain is cheaper. Document 5 by Xu Donqin Ming, a writer, says that before this trade people could dye the clothes then settle a price of rice, wheat, soybeans, chicken, or other foul. Now they have to have a bill before they dye...
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