Global flow of silver

Global flow of silver - Jobin Abraham 2006 AP World History...

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Jobin Abraham October 10, 2007 2006 AP World History Free-Response Question Dr. Moriarty Global Flow of Silver The social and economic effects of the global flow of silver was catastrophic. During the mid-sixteenth century up to the early eighteenth century, Spanish America and Tokugawa, Japan was leading the silver production globally. Most societies demanded taxes to be paid in silver. This idea may have uplifted opulent people in societies, but the rest of the people were left going in a downward spiral. Some economic transformations due to the global flow of silver would be, the Columbian exchange, and the discovery and exchange of silver. The discovery of silver was a major break in history. This led to the Columbian Exchange. The Columbian Exchange is a tremendous exchange of plants, animals, foods, diseases, and ideas between the Eastern and Western hemispheres. According to Ralph Fitch, British merchant, He recalls the Portuguese bringing from china gold, perfume, silk, copper, porcelain, and many other luxurious goods. Europe and
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This note was uploaded on 10/05/2009 for the course OCT KJI-209 taught by Professor Dr.mac during the Spring '09 term at Aarhus Universitet.

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Global flow of silver - Jobin Abraham 2006 AP World History...

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