The global trade had some main effects on both the South American empires, as well as the Asian dynasties. In regard to Asian dynasties, taking the case of China, it brought a major economic change in the country. On the same note, a number of important social changes significantly accompanied this economic growth. For instance, the free peasants in the dynasty became increasingly engaged in the market and global trade as they progressively concentrated with farming and agricultural production of silk, and cotton, among other farm products. In addition, more and more landlords moved to town, where they became socially distant from the villagers. They moved to town as this was mainly the place where global trade of various products took place, including farm produce.
The dynasties benefited a lot from global trade due to increased government revenues, which it collected through taxing trade shipments. The dynasty officials made no efforts to implicate the activities of trade merchants originating from else where, but in contrast the emphasized the good contribution of merchants to the general welfare of the society. In this regard, the trade merchants were essentially guided through published travelers guide, for the government had acknowledged that in most cases, free global trade was good for the people, as well as for the government. Therefore, global trade was a source of livelihood and wealth gain to people, especially those who became involved in global trade activities, both in the local market and international markets. More over, the dynasties became more and more strong through supporting the global trade as they offered encouragement, security, and guidance to the trade merchants. This increased their revenues, which they collected through the increased tax to facilitate their operations and governance.
South American empires were not also exempted by the global trade impacts. Notably, South American countries are highly characterized by mining of minerals such as silver and mercury. Global trade was highly beneficial to the empires as they were in dire need of laborers, as well as ready markets for these minerals. In this note, the global trade offered them with opportunities of acquiring more and cheap labor force through slave trade from countries like India. Nevertheless, Spain gave more control influence on the minerals extraction operations and business. This means that the local had lost their power and control of the mines to Spain and His Majesty. For example, a city like Huanacavelica in Peru, which is one of the countries in South America, had 400 Spanish residents running and operating the mines. Thousands of Indians were traded in South America as slaves working in mines, which show that slave trade was also boosted. These Indians were highly preferred as they offered significantly cheap labor in mine operations.
In addition, many temporary shops of dealers in merchandise and groceries and lively commerce cropped up near the mines. Most of them were run by the Indians, as well as the locals and were intended to serve the many workers employed in the mines. Therefore, through global trade, many visitors entered the South American empire as slaves, job seekers, as well as investment opportunists in the mines through minerals extractions and opening up of merchandises. This impacted to be a source of wealth to many who took advantage of global trade in the South American empire through labor wages and mineral trading. However, these empires lost much of wealth as the Spanish government controlled much of the mines.
Gallay, Alan. The Indian Slave Trade: The Rise of the English Empire in the American South, 1670-1717. Production. Yale University Press. 2002.
Tignor, Robert L. Worlds together, worlds apart. New York: Norton. 2011
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