This website uses cookies to ensure you have the best experience. Learn more

17th Century Silver Crisis Essay

1419 words - 6 pages

Asian Studies 101Term paperTopicDrawing on the downloaded articles on the 17th century silver crisis as well as the lectures and Murphey's A History of Asia, discuss the impact on China, Japan, Southeast Asia, and India of their integration into the global economy before 1800.Name: Sifan ZengStudent number: 39684097Date: 08/03/10In order to effectively analyze a phenomenon in the human science discipline we must consider the extended dimensions and relativities of one factor to another. The rise and fall one society is closely related to the activities others society. The significance of these relationships were evident in Asia in the 17th century, as we can use the silver crisis as an example to analyze the relations of natural disasters, political instabilities, external influences, social unrest and economical problem of one civilization to another in Asia at the time and how those event have affected the trends of the future before the 1800.History uncovers itself through series of cause and effect events between century and century . The turbulences at a moment in history often pave the road for a harmonious period to come. From the 16th century onward a slow but surely shift in power from the East to the West took place, as each hundred years pass by this shift in power and influence was more obvious. By the end of the18th century European's trade intensive expansion have deeply embedded in all parts of Asia, some areas more than others. The key to the European's successes was often credited toward the industrial revolution, but even before the industrial revolution the European had a fundamentally different principle in economic development to the power houses of Asia. Most of China and India's wealth were generated domestically while the Europeans saw wealth in trade which later has proved to be far more affective than domestic intensive economy.Traditionally China has always been the centre of influence in East and Southeast Asia; others respected China's power by paying tribute and adopting the centralized authoritarian Chinese administrative system one way or another. One of the dangers of always being so powerful is arguably the arrogant mentality that the Chinese have developed over time, labeling all foreign ideas, technology and culture are inferior. Flexibility and adaptability was the missing element in Ming China, through the tests of the 17th century the world favored those who welcomed embraced changes later took away the privileges of the followers of old conservative empires.Going into the 17th century Ming China experienced an impressive expansion in agriculture production which then lead to a massive population growth, commercial activities and inevitably intensified domestic monetization. This was to certain extent an indirect result of European's vigorous oceanic expansions in trade. Europeans brought new agriculture goods like sweet potato peanuts from the new world which was in important factor in China's growth,...

Find Another Essay On 17th Century Silver Crisis

17th Century China: An Influential and Powerful Empire This essay was to be one that compared two major empires from the 17th-18th century and how significant they were to the west and the world

1694 words - 7 pages There were many different stable and wealthy empires in 1680, filled with flourishing economies and powerful leaders. As an influential and growing empire, China was deemed to be the strongest among the many other nations that existed in the 17th century. In order for acountry to be truly successful and powerful, it must meet certain criteria. An empire must be unified, led by a strong government that satisfies its people's needs. To meet those

Change in DiapersTrade in the Far East

1316 words - 5 pages that the Portuguese had used to travel to East. By the mid-1500s, the major Europeans powers all had a place in the trade route; however, the Portuguese still dominated. Although the British were initially interested in spices, they quickly developed a desire to mass produce cotton and textiles after beginning larger scale trade with India, but spices remained the focus of trade until middle of the 17th century. In England, the cotton was spun by

The Commoditization of Tea in Britain

1185 words - 5 pages out of silver, with an upturned stem but otherwise rather unadorned. Britain began to import tea in the early 17th century, however it was hesitantly embraced by British culture until it was made fashionable by coffee houses in the late 1600s. Tea was originally drunk in the Chinese manner (weak and without milk) but by the early 18th century milk and sugar were added, and small spoons became necessary. This particular spoon, like others of its

The New World and Spanish Conquistadors

843 words - 4 pages time period between the 15th century and the 17th century. During this period Europeans went out on voyages to find new things such as trading routes, goods, and trading partner. The Spanish on the other hand went out to find new land and gold for Spain. One group of Spanish explorers were known as the Conquistadors. They were made up of soldiers, explorers, and conquerors. The Conquistadors went to all sorts of different places such as Mexico, Cuba

Gobelin Tapestries

1214 words - 5 pages Gobelin Tapestries "What is lovely never dies, but passes into other loveliness." -Thomas Bailey Aldrich Throughout the 17th and 18th century many memorable works of art were created. There is one piece of art that stands out they are the Gobelins. Gobelins are luxurious tapestries made out many fine threads. These tapestries hung on the walls of many great castles, homes, and prominent buildings. They have inspired

Progressive

1023 words - 5 pages The early 20th century marked the beginning of a new era of government in the United States where there was a lopsidedness of power between restraining monopolies and more modest companies. The large businesses ran the economy and annihilated more diminutive competitors. The small companies did not have a shot in competing because the government favored the large and wealthy businesses. In 1901, Theodore Roosevelt became the first Progressive

Economic and Political Strategies of China versus Japan

1069 words - 4 pages local markets. Silver was a dominate market in the mid 1600’s. It was imported from mines in Western Japan. Spanish Galleons brought Peruvian silver into China. This led to the opening of the private “Shensi Bank” branches to accommodate the transfer of funds. Rather than paying taxes in grain or labor, farmers would sell grain and cash crops and pay taxes in silver. Ming collapsed in 1644. In the late 16th century, a Leader unified the Manchurian

Racial Discrimination Still Exists in Society

1621 words - 6 pages the European slave market in the 17th century. Slavery in America started in the year 1619 when the first African slaves were brought to America by a Dutch sailor, to aid in the production of tobacco. Europeans who had settled in American colonies, namely Jamestown turned to African men to do their work as they were cheaper and very good workers as well. The Americans attempted to cover up the things they were doing by allowing the “free blacks

Discriminations History

1544 words - 7 pages the discrimination, but as hard as people try, this is an issue that seems unconquerable. Despite the fact that the Jim Crow era has passed, it is evident from history and peoples recent experiences that racial discrimination still does exist today. When many people ask, when exactly did this start? How did this even happen? The response has to be, it all started with the European slave market in the 17th century. Slavery in America started in

Vermeer's Hat, by Timothy Brook

1157 words - 5 pages Timothy Brook discusses in his book the aspects of world trade during the 17th century and how through the process of globalization, how regions became as interconnected as we know of today. Most people tend to have this conceptualized idea of what globalization is as well as its process. Throughout my educational career, globalization has always been portrayed as big businesses working together providing different goods and services worldwide

The Diversity of American Colonial Societies

977 words - 4 pages production of mercury and silver? (The Human Record, 143) There were many hazards connected with the mining in Brazil during the 17th century. Some of the most obvious were the physical conditions and extraction methods used. More than 3 percent of the native adult male native population of the country was forced to work in the mines by the law of the Mita, a corrupted system of draft labor. These laborers used ladders and rigging to move out of the

Similar Essays

China, Japan, Southeast Asia And The Global Economy

2460 words - 10 pages connected Asia with America. Europe acted as a middleman in the silver trade – 150 tonnes of silver flowed annually through Europe and into Asia in the seventeenth century (Attman, 1986, p. 78, in Flynn et al., 1995, p. 13). As an upshot of all this, the countries and regions aforementioned were exposed by their common participation in the silver trade to the vagaries in the silver-based global economy. China, as the chief player in the silver trade

Globalisation Assignment

897 words - 4 pages encountered during their expansions which was limited resources. Mercantilism was a dominant theory adopted throughout the 16th-18th century to solve the crisis. The theory favored accumulating capital and maximizing net export through trading with the India and Chinese civilizations (London 2013). The Europeans offered silver, wine and coral in return for silk, porcelain and tea from China and spices, aromatics, quality textiles, ivory and gems

America In Crisis Essay

1329 words - 6 pages As the new century approached, a national crisis began to develop in the United States. The nation faced a severe depression, nationwide labor unrest and violence, and the government’s inability to fix any of the occurring problems. The Panic of 1893 ravaged the nation and became the worse economic crisis of its time. The depression’s ruthlessness contributed to social unrest and weakened the monetary system’s strength, leading to a debate over

The New World Cco Essay

703 words - 3 pages started developing in Brazil. Ever since sugar was introduced to the Caribbean in 1493, Brazil became the biggest sugar producer by the 15th century. Brazil was the first sugar plantation colony with the help of the Portuguese and especially the African slaves. During the 17th century, about 7000 slaves were imported from Africa to Brazil, so they could be forced to work in the sugar mills. The forced labor was brutality and the conditions were