Global Silver Trade and Ming China
What was the primary effect of silver mined in Spanish America on global trade networks involving late Ming China (1571-1644)?
A
Silver exportation halted significantly, weakening Spain’s influence over Pacific trade routes.
B
Silver became China’s primary import, satisfying demand for currency but also causing inflationary pressures domestically.
C
China began exporting its silver reserves, strengthening neighboring Asian economies at its expense.
D
Chinese merchants abandoned silk exports, favoring silver, which destabilized Eurasian commercial networks.
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