Just like the other two empires, Britain was dependent on the trade of goods for silver Doc. At the beginning of the period their trade was mostly amongst themselves, but by the end they were heavily wanting in the silver trade Doc 8. Economically the trade of silver allowed for the shift from trade of goods to goods to goods for silver. This changed the output of silver, and the worth of goods in commodity trade. Initially, European countries were looking for a water passage to China so they would be able to trade for their goods.
Silver Mining in Japan and the Colonization of the Americas
Silver Trade Dbq Analysis - Words | Internet Public Library
According to the documents the silver trade seems to raise many issues all over the world. One of the most critical issues were economic and social effects. The Social effects can be seen in Doc. The economic effects are made apparent in Doc. Having a document from a spanish native working in the silver mines would have helped in analyzing the social effects of the silver trade. Indian workers have worked so hard to obtain silver to send to Spain creating future dependance on European Powers due to the "huge amount of wealth taken out of the range" Doc.
Silver Trade Dbq Analysis
Poor countries are stuck in an abyss of market failures while richer countries have established improved policies that avoid these kinds of failures. However, the authors see the situation differently. Take China for example. On the contrary, he thinks that those who fall into the lower class should not be rewarded by the government through means of welfare programs. In his opinion, the act of taking money from the government without earning it is simply irresponsible.