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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,...

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