The Role Of Gold Of Global Commerce Between 1450 And 1750

1. Describe the role of silver in global commerce between 1450 and 1750. Provide specific examples from the assigned readings. [Week 10] During 1450 and 1750, silver fueled global commerce as it was the â€Å"first direct and sustained link between the Americas and Asia† and initiated trade connections across the Pacific. As a key commodity, silver enriched economies and was used for purchase of African slaves, spices, and Asian goods. Economic investment in silver provided opportunities for women, increased global trade, expanded economies, and transformed nations. Europe could produce silver, boosting their own economies as well as facilitate trade between Asia and the Americas. Mass amounts of silver deposits were discovered in both Spain and Japan. Spanish America produced 85% of the world’s silver. Bolivia became the world’s largest silver mine, the city grew up around it and became the largest city in the Americas. The native miners suffered horrific conditions, whereas Europeans heavily profited. However, silver ultimately did not help Spain’s economic growth. The importation of silver led to a â€Å"disastrous effect on spices and on the economic structure of Spain.† The economy crumpled under inflation of prices, the unwillingness of aristocrats to support economic enterprise, a rigid economic environment, extensive regulations, and monopolies. Ultimately, Spain’s position as a global power diminished when the value of silver fell. Silver deposits were also discovered inShow MoreRelatedRenaissance and Revolution Did Copernicus1485 Words   |  6 Pagescountries located? Where were most Protestant nations? Is there any apparent connection between religious preference and the existence of absolute monarchy? Can you offer an explanation? INTRODUCTION 1. What change did Philippe Aries describe in his work Centuries in Childhood? 2. Why MIGHT it have occurred? Cite 2 reasons (p. 369) The First Big Changes: Culture and Commerce. 1450-1650 A New Spirit. 3. How did Petrarch’s writing in the early Renaissance differ from most writingRead MoreAp Quiz3155 Words   |  13 Pagesthat best completes the statement or answers the question. ______ 1) How was the global trade network of the 15th century different from that of previous eras? A) Trade prior to the 15th century was limited to the Western Hemisphere. B) In previous eras, most attention was given to the development of larger regional economies and cultural zones, rather than a truly global network. C) There was no trade between civilizations prior to the 15th century. D) Trade in previous eras was almost entirelyRead MoreComparative Study of Commercial Banks of Nepal5381 Words   |  22 Pagescomparative study I too have considered these five banks. Since there is intense competition in the Nepalese banking industry I have tried to do comparative study in terms of deposit, lending, capital fund, profit after tax and market share value between these five banks. 1 1.2 OBJECTIVES OF THE STUDY ï‚ · ï‚ · ï‚ · ï‚ · To compare the capital structure of these five banks. To do the comparison regarding the lending and deposit position of these banks. To identify the profit after tax of these five banks.Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesComprehensive Cases Indexes Glindex 637 663 616 623 Contents Preface xxii 1 1 Introduction What Is Organizational Behavior? 3 The Importance of Interpersonal Skills 4 What Managers Do 5 Management Functions 6 †¢ Management Roles 6 †¢ Management Skills 8 †¢ Effective versus Successful Managerial Activities 8 †¢ A Review of the Manager’s Job 9 Enter Organizational Behavior 10 Complementing Intuition with Systematic Study 11 Disciplines That Contribute to the OB Field 13 PsychologyRead MoreProject Mgmt296381 Words   |  1186 Pagesto teach undergraduate and graduate project management courses overseas and in the United States; he has personally taught more than 100 executive development seminars and workshops. His research and consulting interests have been divided equally between operations management and project management; he has published numerous articles in these areas, plus a text on project management. He has also conducted research with colleagues in the International Project Management Association. Cliff has been