Silver: the Fall of the Ming Dynasty

The main argument made in the article, International funds Flows and the Chinese Economy circa 1530-1650 by William Atwell, is that during the one-sixteenth and early seventeenth centuries, an inflow in the lease of silvery and foreign engage of Chinese goods led to the fall of the Ming dynasty. Chinese merchants dutyd for large quantities of silver. It started score as simple supply and demand. However, as the supply stop rising, the demand kept rising causing inflation in mainland mainland China. By looking at charts that show the relationship surrounded by the year and the amount of silver imported, I will be able to support my belief that major factors to the fall of the Ming dynasty was the conduct of foreign betray and the over-dependency on silver as monetary funding. In the fourteenth and fifteenth century China had go dependent on precious metals as they started using them for fiscal use. They were able to mine their own copper and silver for so long but even that soon turned scarce. The merchants of China were smart though and knew they needed to find a political sympathies agency to get silver. Throughout the sixteenth century secure deposits of silver were open up in Japan. This silver was quickly found in the hands of Japanese merchants which would soon be traded with China.

criminal handicraft amongst the Southern Chinese merchants and Japan started around the mall of the sixteenth century. This would be named the Sino-Japanese trade. The Ming government tried to control trade amongst the Japanese however, noticed smuggling along the coast, f orcing the Ming dynasty to prohibit trade m! ingled with the two countries. That did not stop Chinese merchants and by the 1540s they were seen trading Chinese goods for silver at ports in south Japan. It is impossible to determine how much silver was traded between these countries as much of the trading was done illegally. Evidence shows that there were as many as ten to twenty ships for trading. These fleets of trading ships were controlled...If you indirect request to get a full essay, order it on our website: OrderCustomPaper.com

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