American agriculture greatly changed during 1865 to 1900 through technological advances and railroads spreading across the nation, both modernizing agriculture. New technological advances made farming easier with new inventions such as barbed wire and reapers. However, new technology advancements became too expensive for average American farmers to afford. Economic conditions became intolerable for farmers as railroad companies charged high shipping rates. In the government, policies were made that favored big corporations, such as railroad companies over the small farmers that made agriculture suffer in the end. Technology, government policies, and economic conditions, effectively declined agriculture due to overproduction and deflation, poor representation of farmers in the government, and high costs forced upon farmers.…
What was the world historical importance of the silver trade? Silver went around the world and made the world go round. Bolivia and Japan increased the silver supply. It…
China, Spain, and Europe affected the global flow of silver from the sixteenth century to the early eighteenth century, socially and economically.…
The global flow of silver during this time caused disputes and changes economically as seen in documents 2,4,6,7,and 8. Mercado wrote the Manual of Deals and Contracts which was about the trade from China to the Philippines. The Asian commodities were attracted by the high…
Spanish explorer found gold mines in Zactecas and Guanajuanto and Potosi. As a result, huge amount of gold and silver poured in to Spain. At the same time, there was an increase in population, and there was a huge demand for food. Spanish colonies also demanded for food, so the demand for food increased…
mid 16th century Rich silver deposits found in Bolivia. Silver trade gave birth to social interaction throughout the world. Foreigners began to obtain more of China’s silks and porcelains. Silver helped pay for African slaves and spices. Little Ice Age occurred causing an increase in fur trade, Spain lost its earlier position as dominant western European power.…
Silver was a newly traded and highly valued item the world had not yet seen in depth. The Spanish and the Dutch had most of the silver, but because during this time period it was considered the accepted medium for trade goods, nearly all the silver ended up in China. Spain was dominant over Mexico and Peru so it naturally had much silver that put them in a role of power. Japan also claimed a hand in the silver market.…
B. Commercialization and the creation of a global economy were intimately connected to new global circulation of silver from the Americas.…
The global flow of silver during this time period caused many disputes and changes economically between involved countries. Ralph Fitch described trade conducted by the Portuguese between Macao and Japan. Fitch said that the Portuguese had a great advantage in China. They brought gold, perfume, and silk and other luxury goods from China. They had a ship that brought back 600,000 coins’ worth of Japanese silver yearly. Charles D’Avenant describes the English position on trade. D’Avenant was worried about the amount of trade that was sent to China and “buried” there. Europe didn’t receive anything back of solid use from China in return for the gold and silver. Tomas de Mercado tells us about the trade from China to the Spanish Philippines. The high prices of silver ruined Spain and made China richer. Mercado states, “The streets of Manila in the Spanish territory of the Philippines could be paved with granite cobblestones brought from China as ballast in Chinese ships coming to get silver.” This shows us how rich the Chinese were becoming by making people pay domestic taxes and trade fees in silver and the great amounts they were receiving.…
The global flow of silver managed to redefine the social structure in many societies, as well as dramatically altered the basis of the economy in many European and Asian countries. Despite the economic change that came from the mass production of silver and its use as a standard currency, the growth of the silver industry brought as much change socially and culturally as it brought economic transformation. Many people viewed the conversion to silver being the standardized currency as a huge hindrance to their daily lives, but the silver industry brought wealth to many societies and became a necessity in trade. On one side of things, the flow of silver throughout the world brought a wave of economic change, as mentioned in documents 3,5,6, and 7, but on the other hand, it brought new social distinctions as silver widened the gap between the rich and the poor, as mentioned in documents 1 and 6. Another aspect of the global flow of silver that influenced many areas was the cultural interactions that entailed, as mentioned in documents 2,4,7, and 8. An example of the passing and interacting of cultures would be the attraction of Asian commodities to Spain which were paid for in a heavy flow of silver as mentioned in document 2, which was viewed as many as the beginning of the end for Spain, as told by the Spanish scholar Tomas de Mercado. It would be helpful to see a document that showed the statistics of the economies of some Asian and European countries before and after the massive rise of silver in their societies, as this would help me to determine the facts of the total economic effects due to the flow of the metal. Another document that would be helpful would be a document showing the point of view of a peasant that may or may not have been directly affected by the flow of metal into his/her society. It would help clear up the social effects that entailed after the arrival and massive flow of silver.…
For years after the Berlin Conference, various European powers raced to occupy and colonize land in Africa. It was a time of growth for Europe, but what was it for Africa? Africa’s fate was being decided for it by the European invaders. Not all AFricans just stood by and watcher, however. There was a wide range of actions and reactions to the Scramble for Africa from the Africans themselves, from giving in peacefully to attempting to fighting back with all of their might.…
By the 1850’s the Constitution, originally framed as an instrument of national unity, had become a source of sectional discord and tension and ultimately contributed to the failure of the union it has created. This was shown by interpretations of the constitution and other documents when the constitution was assorted together.…
Lends of Americas were rich and fertile, and Native Americans had a plenty knowledge in various areas. First of all, Europeans craved to increase their funds of gold and silver. American gold used for decoration churches, buildings and palaces; thanks to the American gold Europe had baroque. However, using silver was more wide and deep. Silver mines of Potosi irretrievably changed the economic system of Europe. Europe never before had such a many silver coins in circulation, production increased and people could buy more goods, and began to accumulate their own capital. Silver has become more practical; with so much money the old system was transformed to the new economic system.…
Gold was a major factor in bringing the Europeans to the New World. Gold equals money and money equals power, this is the philosophy of most kings to explore the New World. They wanted power and it did not matter how they got that power as long as they got it. In the case of Hernan Cortes, he killed of the Aztec leader, Montezuma, to gain the Aztec’s gold. After the fall of the civilized empires in the New World, the Spanish set up civilized empires which prospered in gold. The Spanish received gold and in turn they also received power. Power motivated most of the countries; Spain, France, England, Portugal, and the Netherlands, to explore and gain the profits. Although gold was not the only reason they explored as much as it was trying to find a new route to India and the Orient. That was the original plan. Once they hit land and discovered it was not India and the Orient, they explored and came across gold and many other riches. Once they were brought back the kings would charter ships and try to gain as much gold, money/power, as they could. After the fall of the Catholic Church and the rise of the monarchies, all of the kings were searching for new ways to show they were more powerful, gold helped with that. Gold was not only a surprising find in the New World, but also a key into the search for power by the kings of the respective countries that explored.…
Market for gold and silver have been growing steadily. The Spanish were so greedy for gold that they almost destroyed a whole population. Market has also been taking a higher quantity of silver. In document six, by Adam Smith, this was said, "Since the discovery of America, this market for its Silver mines has been growing gradually... The silver of the new continent seems in this manner to be one of the principal commodities..." This document is talking about how popular silver has become. In document six, they briefly discuss why the Spanish killed many natives. For example, "Their reason for killing and destroying such an infinite number of souls is that the Christians have an ultimate aim, which is to acquire gold." Their main objective was to get gold, an economic reason.…