1. Silver Mining at Potosi - 1500s-1700s
... dynasty, Xijue, being a court official, certainly sees China's declining economy as something to cause unrest and a possible rebellion, but may not realize the issues will only be exacerbated with more silver. In an act to save his position, he brings this issue to the Emperor, hoping to somehow end the troubles. In Document 5, Xu Dunqiu Ming reflects on the impediments ... seemed to benefit Spain early on, but eventually came to hurt them. Tomis de Mercado, a Sevillian scholar, writes how the prices of luxury goods only lead to silver flowing out of Spain, harming the economy (Doc 2). ...
- Word Count: 665
- Approx Pages: 3
- Grade Level: Undergraduate