What was the silver trade AP world history?
The silver trade between 1450 and 1750 was the first truly global exchange of a commodity. The silver was then shipped across the Atlantic back to Spain and then distributed east to Eurasian land empires including the Ottomans, Russians, and Mughals.
What factors contributing to driving silver trade from 1550 to 1800 Dbq?
Contributing factors to the patterns of the global silver trade between 1550-1800 include large cities and ports, economic demand, and the use for government tax .
What led to the silver trade?
Mercury amalgamation dramatically increased the volume of silver production in the Americas, giving way to silver’s central role in American economies and the burgeoning global economy. From 1575 to 1590, the use of amalgamation multiplied the output of Potosí, the most prominent Andean silver mine, by six.
How did silver impact global trade?
In Japan, the Tokugawa shoguns grew rich off the trade in silver, which they used to strengthen the state against warlords. In addition, the global silver trade encouraged the Japanese to produce other commodities for export, which then made their way to the Americas, Europe, and West Africa.
What impact did the silver trade have on world history?
The global silver trade was the first direct and sustained link between the Americas and Asia and initiated a web of Pacific commerce that grew steadily over the centuries. It transformed Spain and Japan, the two states that controlled the principal new sources of silver.
What role did silver play in trade between 1450 and 1800?
1450-1750. Because many of the resources in the Indian Ocean trade network were difficult to produce or could not be found in Europe, European merchants had to pay in bullion in order to get what they wanted. The Chinese used silver to facilitate trade in their economy as it was part of their currency.
How did silver affect global trade?
“The effects of the global trade in silver were worldwide and linked the world in new and unprecedented ways. It also led to an increasing traffic in humans to work, among other places, in the silver mines of the Americas. In the Americas, silver mining at Potosí led to the deaths of eight million Indians.
When did the global silver trade start?
The global silver trade between the Americas, Europe and China from the sixteenth to nineteenth centuries was a spillover of the Columbian Exchange which had a profound effect on the world economy.
How long should an SAQ be?
WHAT IS THE SAQ? The Short Answer Questions, or SAQs, are questions meant to check your analytical skills (your ability to pick out meaning and explain it). The response to each question is no more than three to four sentences (hence, the SHORT description).
How did silver change the history of Europe?
Large silver inflows during the sixteenth century persuaded economic historians of a “price revolution,” which was later explained in Europe as a result of demographic changes, higher productivity in agriculture, and greater urbanization.