Silver: the Fall of the Ming Dynasty

The main argument made in the article, International silver 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 require of Chinese goods led to the fall of the Ming dynasty. Chinese merchants potd 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 mainland China. 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 conduct of foreign quite a little and the over-dependency on silver as monetary funding. In the fourteenth and fifteenth century China had call on dependent on precious metals as they started using them for pecuniary use. They were able to mine their own copper and si lver for so long but even that soon turned scarce. The merchants of China were smart though and knew they needed to find a establishment agency to get silver. Throughout the sixteenth century authentic deposits of silver were run aground in Japan. This silver was quickly found in the hands of Japanese merchants which would soon be traded with China. prohibited handicraft amongst the Southern Chinese merchants and Japan started around the pith 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 coast, forcing the Ming dynasty to prohibit trade 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 southern 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 the re were as many as ten to twenty ships for t! rading. These fleets of trading ships were controlled...If you privation to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper