MMW 13 Lecture Notes - Lecture 24: Manila Galleon, Little Ice Age, Pacific Exchange
1 Jul 2018
School
Department
Course
Professor
How did silver production connect/transform Asia, the Americas, and Europe?
The sugar revolution accelerated the slave trade in the seventeenth century.
Sliver
Provides bullion for purchase and trade
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Connects Asia directly to the Americas through Pacific exchange (1571)
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Influences political dynamics of Asian states
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Shapes cultural practices in Europe and Americans
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Potosi--cerro rico (rich hill)
Bolivia-1545
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Richest silver mine all time
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1550-1600
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60% all silver
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Coincides with high demand in China
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Silver = indigenous labor
Mined by Amerindians and Africans --- 100,000s
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Forced and free-wage labor
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Harsh conditions
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Disease
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Death toll at Potosí 8 million
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Silver -Japan
Rich deposits: 1530s
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Second largest source of sliver in 16th century
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"silver islands"
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Provinces --- Kai, Ldzu
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Silver: State impact
Unifiers of Japan finance military campaigns with profits from silver mines ---
invasion of Korea
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Tokugawa leyasu --- shogunate --- military gov.
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Ming China
Global buying power --- 1600---1/4 of global population
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Cities up to 1 million ---Nanjing
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Silver: state impact
Transforms from paper-money system to silver-based economy
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"single whip" ---1576--single tax paid in silver
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"sparks global demand for silver"
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Manila--Entrepot
Spanish colony/trading post---1571
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Hub connecting Americas with China
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"Manila Galleon"
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"La Nao de China" ---port of call, Chinese goods
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"La Nao de China"
India-cottons
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China-porcelain, religious items
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Persia-rugs
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Moluccas
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Monetary Crisis
Too much silver gluts market
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Prices of silver drops
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Economic problems
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Little ice age
1300-1870
Unusually could and dry weather
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Shortened growing seasons
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China 1600s
Severe social disruptions
Droughts
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flooding
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Famine
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Silver: dynastic change
Overthrown of Ming
Lec24 The Plantation Trading Complex
Friday, June 1, 2018
11:02 AM
