Having the sensation of feeling rich and being the first ones to mine gold must have been amazing. During 1849, people in California began mining gold and unlike today where small amounts were found, these people were finding huge amounts of gold. This is what eventually led to the gold rush of 1849 when the largest mass of people in history began to move into California to get some gold for themselves. Many ended up leaving everything they had to go on a journey to California to get richer. Overtime, modes of transportation increased to allow people to easily travel across America.…
In Richard Hakluyt article, A Discourse to Promote Colonization (1584). Hakluyt uses trade, navy & religion as important selling points for creating colonies. The arguments for creating colonies does still exist 400 years later. Richard Hakluyt illustrates how important trade was during 1584 by emphasizing the increase of trading wool for example, #5 states, “It comes to pass that by the greater endeavor of the increase of trade of wool in Spain and in the West Indies now daily more and more and more multiplying.” The trade of wool was becoming more important.…
Global trade due to the flow of silver had both positive and negative effects on the countries involved in this exchange. A map depicting the flow of silver between 1570 and 1750 shows the places the silver was transported before reaching its final destination. This final destination was often China, and once the Chinese got possession of the silver, they didn’t usually use that to trade. Instead, they used luxury goods that they manufactured, such as silk. This buildup of silver in China and the rest of Asia is known as the Silver Drain.…
Subsequently, in order to do business with Africa, India, and China, it required lots of silver. After exhausting silver resources located in Japan and Africa, the Europeans looked to the New World for more silver. These increasingly connected trade routes had a negative externality, as I stated previously. The ever expanding trade routes were the perfect vehicles for spreading…
Between the time period of 1500 to 1750, silver production boomed in Latin America, which was then transferred to Europe and Asia. There were many social and economic effects of the flow of silver from the mid sixteenth century to the early eighteenth century. Economic effects included silver induced more trade, and the government became more greedy. A social effect is that silver induced suffering of the people. Documents 2, 4, and 8 talk about how silver induced trade.…
From 205 BC to 220 AD China was ruled by the Han dynasty. The Han dynasty was a time of great innovation with both positive and negative impacts. Innovations like the development and popularization of the silk road had several positive impacts on China. However, these innovations would eventually cause the fall of the Han dynasty. The Civil Service Exam is one of these innovations.…
The Eastern Bankers corresponded with The Wicked Witch of the East from the Wonderful Wizard Of Oz. The Wicked Witch of the East had the same events as the Eastern Bankers such as when the Eastern Bankers ,Enslaved Farmers with their incredibly high interest rates on loans. The goal that the Wicked Witch Of The East had was that she wanted people to fear her and tremble in her presence. She also wanted to gain the ultimate power .The…
The “silver question” was a major factor leading into the depression of 1893 in America. This issue led to up roars from miners to farmers while the government leaders at the time stood back and watch the madness unfold in front of them. The problem began with the debate of currency at the time and what would be the base of a dollar. The people of the time believed deeply in the idea of money needing backing in real worth (such as silver or gold) where as today people have more faith in paper money.…
It was one of the reasons that the demand for products such as spices and silk increased. Commodities such as clothing had the increase of demand due to its rareness of materials. Westerners were more interested because they know that it was a new thing for them. The fact that the materials was not from the west, caught so much attention to the traders as they saw this as a great opportunity to increase the value of the said products. This consciousness of the Westerners brought about change not only…
The widespread use of silver beginning in the 1570’s resulted in the increase of globalization through greater foreign trade. However, the use of silver as currency had negative as well as positive consequences. On one hand, through the use of silver in world trade, trading countries were connected through a common currency, and many were able to benefit their economies through the use of silver (documents 2, 4, 6, 7, and 8). On the other hand, the widespread use of silver also deepened the disparity between the rich and poor- not only within countries, but also globally (documents 1, 2, 3, 4, 5, 6, 7, and 8). Documents 2, 4, 6, 7, and 8 all accurately illustrate the economic benefit gained by many through the adoption of silver for currency.…
Currency affected the whole game of trading because it implemented huge amounts of taxes towards the government, later on it created bigger…
Due to the moving economy people were able to afford education for their children. The economy also caused people to use coins to buy things, which created a money economy. Traders decided that bringing products by sea was a better option. This benefited Europe because the roads in Europe were poor and filled with burglars. Due to the need of currency to be exchanged many bankers and merchants became important.…
DRAFT Overcoming challenges in their relationships helps the main characters in each text, A Friend like Henry and The China coin, to mature and grow as people. Within both novels there are signs of a faulty relationship between the main characters. Circumstances and challenges that occur within the texts allow these broken relationships to improve and even mend. The main characters begin to form a better understanding of each other and through communication learn how to get along with each other.…
The miners, plantation slaves and the fur trappers all played significant roles in stabilizing and strengthening the economy of the Europeans. They played important roles by producing and working for the Europeans. The plantation slaves worked in the fields to make sugarcane, while miners worked in the mines to find silver and gold, and fur trappers catch and skinned the beavers to produce fur. The labor of the slaves, miners, and the fur trappers was sometimes really troublesome and most of the labor was by force. The goods that they produced was really valuable and people worldwide benefited from them.…
The gold and silver in Peru and Mexico could make Spaniards and Britons alike rich men. The need for exchanging and buying was reciprocated and helpful to the Americas and Europe, so commerce was huge and successful. This boom in commerce also led to a difference of culture. Both cultures were impacted, primarily the Americas. Some basic items of the European culture aided the Native Americans, such as the exchange of horses and sugar.…