Which of the following accurately describes the role of silver in early seventeenth-century China?
A) The primacy of silver made peasants' lives easier.
B) China increasingly relied on the global trading system for silver, making the Chinese economy vulnerable to dislocation.
C) The quantity of Japanese silver specie shipped to China rose steadily throughout the period.
D) The Dutch, English, and Spanish cooperated with one another to ensure China received a steady supply of New World silver.

Question

Quizplus · Accepted Answer

China's economy in the early seventeenth century became increasingly reliant on silver as a medium of exchange and store of value, integrating it into the global trade system. This reliance made the Chinese economy susceptible to fluctuations in the global silver supply, affecting economic stability.

Which of the Following Accurately Describes the Role of Silver