links ARE below. McDermott, Joseph.; Brook, Timothy (1999). "Another Look at Silver Imports into China,. Mercury amalgamation was invented by a Spaniard in central Mexico in the 1550s. New York: Oxford University Press. 17 The city of Manilla served as a primary outpost of the exchange of goods between the Americas, Japan, and China.
18 The Ming paper currency eventually failed due to self-imposed inflation along with an inability to stop the production of counterfeit bills. 23 Many historians argue that silver was responsible for the birth of global economics and trade. Traditional coins were useful, but the amount of coins needed for large purchases could be bulky and dangerous to transport. 14 Global Flow of Silver edit The ultimate destination for the mass amounts of silver produced in the Americas and Japan was China.
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16 The new population boom was a product of the introduction of New World crops into China, mainly sweet potatoes, which could be more easily grown. Rebellions and Revolutions: China from the 1800s to 2000. 12 In exchange for silver, China would provide Japan with silk and gold. 5 Historians dispute what individual was the first to invent the process, however most agree that it was a Spaniard. The Ming Ministiry of War sent approximately 140,000 liang of silver to its soldiers and required provinces to provide silver as tax for the war effort as well. 11 Silver in the Americas edit Silver Peso of Philip V A result of the Spanish colonization of the Americas was the discovery, production, and trade of precious metals. India and Europe both received a fair amount of silver.
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