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Columbian Exchange Dbq Essay

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During the age of exploration, travelers from Spain struck extreme luck with the discovery of large silver deposits in the Americas. Sparked by the desire to find a new trade route and to escape the disease of Europe, explorers set out and happened to find an untouched, resource rich land; the Americas. Throughout the period of 1450 CE to 1750 CE, silver largely changed the economies and trade in Europe and Asia both positively and negatively. While the discovery of silver by the Spanish in the Americas brought significant positive economic change in the form of wealth to the Spanish and Chinese governments, it also created negative economic changes in the Americas which led to slavery of the native peoples promoted by the desire to obtain …show more content…

This allowed for lots of different types of luxury goods, mainly in Asia, including silk, spices, gunpowder, etc, to be traded among many different areas spreading culture and diversity. According to Ralph Fitch, a British merchant, once an area would get silver from one region they would go spend and trade their items in new places, increasing connections and help spread goods (Doc 4). Furthermore as new technologies emerged, including junks (large ships) and new understandings of monsoons, maritime trade expanded allowing countries to expand their trading networks overseas, rather than just on land as they were previously doing with the Silk Road and Trans Saharan, and get new luxury goods (Doc 5). As different regions had different resources, countries would travel to different regions to supplement the goods they had already obtained (Doc 7). Overall the expansion of the trade of silver increased connections and relationships among different cultures and governments which positively affected interaction between …show more content…

Since the initial price and demand of silver was so high, many countries started to only accept silver as a payment so their economies became based off of the value of silver. Many governments started only accepting silver as a payment for taxes resulting in inflation in their economies and as a result prices went up and an income gap would have started to form. A writer in the time named Xu Dunqiu Ming reflected on the fact that many people used to pay for items with their crops or animals, but as soon as stores began only accepting silver as a payment the poor would have been at a disadvantage and would have struggled to get the everyday items that they need resulting in a larger income gap (Doc 6). The countries with the most goods to trade and the most silver to give, would have thrived at first becoming a dominant power but later when the value of silver dropped, their economies declined drastically, ruining their countries. For example, a Spanish scholar who dealt with deals and contracts named Tomas de Mercado, talked about how Spain started buying luxury, expensive goods from Asia, but used only silver to pay for it and the extensive buying ruined their economy after the value of it declined (Doc 1). All in all, silver dominated not only the global trade network but also many economies, which ended up

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