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. Document 2 is about trade between
Asia and Spain, Spain selling Asian commodities. The author of the document, a Spanish Scholar, is
writing this to talk about how silver caused inflation of prices for the commodities, which was a negative
effect that silver …show more content…
The document talks about a debate on whether to
continue trade with Asia or not. It was written to convince parliament to keep the bill because even
though the silver that they are paying Asia isn’t circulating, they basically need the goods and that the
goods are more important than the silver.
Documents 3, 6, and 7 talk about how the Government was getting greedy for silver. Document
3 is written as a report to the Ming Dynasty emperor. The author, Wang Xijue, is writing this to tell the
emperor that since the taxes are only in silver, the government has to circulate the silver and not keep
all of it to themselves and be greedy because the people can’t pay the taxes. Document 6 is a Spanish
priest talking about what he saw going on in the West Indies in the 1620’s. He most likely wrote this to
tell people about how the government was treating people just to get some silver and how they were
corrupt, not paying taxes to keep more silver. Document 7 is a report to the emperor to possibly repeal
the ban on foreign trade. The author only thinks about this because he realizes that the Chinese can get
more silver if they start trading, which is greedy, only thinking about money. An additional
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. Document 2 is about trade between
Asia and Spain, Spain selling Asian commodities. The author of the document, a Spanish Scholar, is
writing this to talk about how silver caused inflation of prices for the commodities, which was a negative
effect that silver …show more content…
The document talks about a debate on whether to
continue trade with Asia or not. It was written to convince parliament to keep the bill because even
though the silver that they are paying Asia isn’t circulating, they basically need the goods and that the
goods are more important than the silver.
Documents 3, 6, and 7 talk about how the Government was getting greedy for silver. Document
3 is written as a report to the Ming Dynasty emperor. The author, Wang Xijue, is writing this to tell the
emperor that since the taxes are only in silver, the government has to circulate the silver and not keep
all of it to themselves and be greedy because the people can’t pay the taxes. Document 6 is a Spanish
priest talking about what he saw going on in the West Indies in the 1620’s. He most likely wrote this to
tell people about how the government was treating people just to get some silver and how they were
corrupt, not paying taxes to keep more silver. Document 7 is a report to the emperor to possibly repeal
the ban on foreign trade. The author only thinks about this because he realizes that the Chinese can get
more silver if they start trading, which is greedy, only thinking about money. An additional