The Global Flow Of Silver In China

Decent Essays
The global flow of silver from the mid-16th century to the early 18th century had great affects both socially and economically around the world. By this time in world history, many trade networks have been used widely by many countries. China was, and still is, a major trade nation, and when they adopted silver as their currency, the importance of silver around the world skyrocketed, causing a number of positive and negative affects. some nations had geography with natural silver, meaning they could now trade with China, causing the use of more workers and tougher working conditions. The need for silver to stay high up in the world was both beneficial and diasterous on economies and societies, showing numerous affects in China, and the Spanish

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