In document 8, although the demand for luxury goods remains high, D’Avenant is concerned about the amount of silver that is leaving the country to be “buried” in China.
He states that it is advisable for England to continue with this trade through the hardships because no other country would comprehend the responsibility of this matter.
A point of view that is necessary to implement into these documents is a peasant’s point of view.
This is necessary because peasants are the ones that are affected by the government, taxes, and people in the area.
The increased flow of silver altered the worldwide global trading both socially and economically.
The global flow of silver from the mid-sixteenth century to the early eighteenth century caused social and economic issues by creating social impact in China, changing the economic purpose of trading, and the overall exchange between the Chinese and European nations.In document 6, Antonio Vazquez de Espinosa described the impact of the silver trade on the “Indians” as very labor involved because of all of the flint they had to pick.He also states that a huge amount of wealth was taken in 1545, but wasn’t discovered until 1628, not taking out all of the silver secretly taken from the mines in Spain.Reliance on silver both helped and hindered economies and societies, bringing “Chinese silk yarn worth 100 bars of silver can be sold in the Philippines at a price of 200 to 300 bars of silver” (Doc. Officials began to see China’s own failing economy, and how foreign nations were profiting.In Spain and Portugal abundant supplies of raw silver proved an advantage in trade at this time: “The Spanish have silver mountains” (Doc.And a little later changed so that you would receive a bill, which must be paid for with silver.Silver soon overtook the Chinese country; making almost everything only accessible with the payment of silver otherwise nothing could be purchased.This is because they were able to obtain multiple luxury goods for only the exchange of silver which was very enjoyable for them.Also reported by He Qiaoyuan, in document 7, the inflated price of Chinese products in the Philippines was the beginning of the change in Chinas ways, moving away from its traditional ideas of the economy and trade, but instead learning how to become a great exporting empire.Although the hierarchy probably doesn’t care about their needs, they need to be accounted for to have a somewhat stabilized society.Silver DBQ Essay The global flow of silver from the mid-sixteenth century to the early eighteenth century had vast effects both socially and economically around the world.