Spanish empire

Another piece of this consolidation a key conclusion

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Unformatted text preview: onomy, enters into a fundamental political crisis. The Ming empire falls to the Qing rule, but for decades the political conflict results in economic disruption. Ditto for Europe. The Portuguese withdraw from the Spanish Empire in 1640, and England becoming imperial and France- whose continental power is being consolidated by Louis the 14th- both are trying to impact the German states and both trying to limit Spanish power in Europe. 1648 Peace of something. Louis the 14th has his power consolidated, the Spanish must accept that the Portuguese are independent, and the British get a fair deal regarding Atlantic expansion. If it was even seen that the crisis in the Ming- Qing dynasty change and the European power struggle were simultaneous, it was ignored. BUT, knowing that these two continents were strongly linked by the silver economy, we must ask if these two crises are so random? Did the Ming empire face political conflict result from the underlying economic problems from the collapse of Potosi? Or, did the repercussions of political turmoil reduce demand for silver, thus lowering the price of silver and starting the collapse of the mining in Potosi? The fairest conclusion for the moment is that the dynastic conflicts in China, the political issues in Europe, and the collapse of silver mining are mutually reinforcing. No direct cause and effect, the closest we can get to cause and effect is that the flow of silver to China from the Americas (2/3 through Spain, 1/3 through Manila) Distinctly less silver is arriving...
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