Book contents
- The Cambridge World HistoryVOLUME VI
- The Cambridge World History
- The Cambridge World History
- Copyright page
- Dedication
- Contents
- Figures
- Maps
- Tables
- Contributors
- Preface
- Part One Migrations and Encounters
- Part Two Trade, Exchange, and Production
- 5 The Columbian Exchange
- 6 The slave trade and the African diaspora
- 7 The organization of trade in Europe and Asia, 1400–1800
- 8 Entrepreneurs, families, and companies
- 9 Silver in a global context, 1400–1800
- 10 Dutch and English trade to the East: the Indian Ocean and the Levant, to about 1700
- 11 Plantation societies
- 12 Industrious revolutions in early modern world history
- Part Three Religion and Religious Change
- Part Four Questions of Method
- Index
- References
9 - Silver in a global context, 1400–1800
from Part Two - Trade, Exchange, and Production
Published online by Cambridge University Press: 05 May 2015
Book contents
- The Cambridge World HistoryVOLUME VI
- The Cambridge World History
- The Cambridge World History
- Copyright page
- Dedication
- Contents
- Figures
- Maps
- Tables
- Contributors
- Preface
- Part One Migrations and Encounters
- Part Two Trade, Exchange, and Production
- 5 The Columbian Exchange
- 6 The slave trade and the African diaspora
- 7 The organization of trade in Europe and Asia, 1400–1800
- 8 Entrepreneurs, families, and companies
- 9 Silver in a global context, 1400–1800
- 10 Dutch and English trade to the East: the Indian Ocean and the Levant, to about 1700
- 11 Plantation societies
- 12 Industrious revolutions in early modern world history
- Part Three Religion and Religious Change
- Part Four Questions of Method
- Index
- References
Summary
World silver production flowed relentlessly into China because tremendous profits accrued to those who transferred silver toward/to end markets within China. This chapter portrays silver's progression through space and time via application of supply and demand mechanisms that elucidate market forces that drove and continue to drive production and relocation of monetary and non-monetary items alike. The supply-demand approach contrasts sharply with the traditional historical depictions that portray region-to-region physical transfers of silver coins as responses to alleged trade imbalances. Supply and demand mechanisms were constructed in order to analyze monetary and non-monetary products within a single theory that can be described as a Unified Theory of Prices (UTP). Three versions of the UTP exists namely a mathematical version, a graphical version and an intuitive, visual Hydraulic Metaphor version. The chapter explores visualization of global silver markets via Hydraulic Metaphor mechanisms.
- Type
- Chapter
- Information
- The Cambridge World History , pp. 213 - 239Publisher: Cambridge University PressPrint publication year: 2015
References
Further Reading
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