The silver trade of the sixteenth to eighteenth centuries was a major historical process. The global flow of silver had many effects on the multitude of societies that participated. There were many economic effects, such as the heavy global economic involvement of many Asian nations in this trade (Documents 2,4,6,7,8) and greater monetary pressure in China during the Ming Dynasty (Documents 1,3,5), and some social nuances because of this trade, such as a greater European desire for Asian goods (2,4,8), but the economic effects had a greater historical impact because this was the first time a global currency was present in trade.
The Asian continent held many countries that engaged in the global silver trade, which had a substantial impact…