Nobody downloaded yet

Causes for adoption of Chinas early modern period trading policies - Essay Example

Comments (0) Cite this document
Summary
The thesis statement for this topic is to explore the causes that led to the adoption of the trading policies that by China that was maintained by them in the early modern period…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Causes for adoption of Chinas early modern period trading policies
Read TextPreview

Extract of sample
"Causes for adoption of Chinas early modern period trading policies"

Download file to see previous pages In order to find a probable explanation, the study of the economic history and the trading policies of China in the early modern period are very important to establish a relation with the present trading policies of the country and the causes for adoption of the same. The economic history of China ranges over the last two millennia. Although the Chinese economy was the largest for a major part of the history consisting of the pre-imperial, early imperial and the late imperial era, the wealth of the Chinese economy remained average due to the intermediate periods of prosperity and downfall. The late imperial period has been referred to as the early modern period that ranges from 1368-1911. This period was under the rule of the Ming Dynasty (1368-1644) followed by the Qing dynasty (1644-1911). Causes for adoption of China’s early modern period trading policies The collapse of the feudal system in China towards the end of imperial period led to the rise of merchant class in the early modern period in China. The rise of the merchant class led to the increase in trading. The introduction of paper money, technological advancements led to widespread economic transactions and the increase in trade. The state’s control over the Chinese economy diminished and this allowed the merchant class to engage into higher scale of investment in their zeal to attain higher profits. The Ming dynasty under Zhu Yuanzhang that ruled from 1368-1644 in the early modern period in China is considered to be the most prosperous periods and one of the Golden periods in the economy history of China. After leading the rebellion against the Mongol rule, Zhu Yuanzhang set up the Ming dynasty in the early modern period that encouraged the growth of private industries and replaced the state owned enterprises. The trade policies adopted by the Ming dynasty led to the increase in foreign trade supported by privatization policies. This led to increased trading between the East and the West. This resulted in the growth of Chinese economy and GDP due to the trade policies that were adopted. Trade contacts were developed initially with India and Africa with state regulations. Slowly and gradually, the restrictions on foreign trade were removed. The Europeans, Japanese importers started to pay for the Chinese goods in exchange of silver which helped in monetizing the Chinese economy (Stearns 68). The end of the Ming dynasty saw the rise of the Qing dynasty towards the end of the early modern period. The Qing dynasty believed that their country is rich with resources and there was no need of foreign trade. This brought about stagnancy in the economy. After the warfare ended, the prohibition on foreign trade was lifted in 1684. This led to massive increase in foreign trade mainly with the European countries. This trade policy led to the development of the economy which in turn raised domestic demands in the early modern period. The prosperity of the Chinese economy, the rise in domestic demand, increase in gross domestic product observed in the early modern period due to the trade policies of increasing foreign trade backed by privatization are the major causes that led to the adoption of those trade policies that prevailed in the early modern period. Conclusion The probable explanation for the adoption of trade policies of the early modern period of China has been the effective decision making of the government to bring back the Golden days in the Chinese economy. After the People’s Republic of China was founded in 1949, the trading policies have not been much effective due to the excessive control of the state. In order to modernize the economy and bring sustainable ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Causes for adoption of Chinas early modern period trading policies Essay”, n.d.)
Retrieved from https://studentshare.org/history/1488303-causes-for-adoption-of-chinas-early-modern-period-trading-policies
(Causes for Adoption of Chinas Early Modern Period Trading Policies Essay)
https://studentshare.org/history/1488303-causes-for-adoption-of-chinas-early-modern-period-trading-policies.
“Causes for Adoption of Chinas Early Modern Period Trading Policies Essay”, n.d. https://studentshare.org/history/1488303-causes-for-adoption-of-chinas-early-modern-period-trading-policies.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Early Modern Architecture Essay
...? ARCHITECTURE Early Modern architecture is said to have practically started around the turn of the twentieth century. Its major goal was to come up with a design that reconciled the principles underlying architectural design with the advancement of technology and the modernization of society. Louis I Kahn, Oscar Niemeyer, Frank Lloyd Wright, Le Corbusier, Alvar Aalto, Ludwig Mies van der Rohe and Walter Gropius are among the notable architects who made a great contribution to the development and history of the modernist period. O f all the architects of the modernist period I will be dealing with, Ludwig Mies van der Rohe (Cohen, 2006). Born in Aachen,...
8 Pages(2000 words)Essay
History: Early Modern Period of 1500 to 1800
...?Topic:  History: early modern period of 1500 to 1800 Introduction Apart from the advent technology, which generally gave birth to the globalization era, historians trace a lot of connection between various parts of the world such as Africa, Asia, Middle and Near East, Europe, and the Americas to the periods of 1500 to 1800 than any other time of modern history (Hang-Sheng, 1969). There are some historians who actually argue that until the sixteenth century, no parts of the world were connected and especially in economic terms, each part and for that matter continent of the world lived as an independent island that had no connection with other parts...
4 Pages(1000 words)Term Paper
Early Modern Revolutions
... work] Early Modern Revolutions: French and American There are so many contradictory views about the Revolution, particularly that of the French. To help decipher some of the puzzling problems of revolutionary ideology, it will be of value to look into the discourses of historians of modern Europe and their students. This paper answers three questions with one sub-question: Where did the prospects for a revolution derive Why do some historians describe the French Revolution as the most important event in world history Do you agree Compare the American Revolution with the French Revolution. After a discussion on these questions, this paper finally ends with a short conclusion. Prospects for a revolution, where derive To understand... 'ancien...
11 Pages(2750 words)Essay
Evaluate Chinas policies towards self-determination
...China’s Policy Towards Self Determination An evaluation What does self determination refer to? Self determination refers to a principle, often treated as a moral and legal right, that all peoples have the right to freely determine their political status and freely pursue their economic, social and cultural goals. (Thornberry, 1989, 867) During the 20th century the principle of self determination occupied a central position in the process of decolonisation and the advent of modern Nationalism. In ethics this principle is treated as a translation or extension of universal rights of individuals , e.g. the rights of political freedom; freedom of religion; freedom of speech, to a group....
16 Pages(4000 words)Essay
Early Modern Philosophy
...Early Modern Philosophy Cogito Ergo Sum Descartes s that, “I should withhold my assent no less carefully from opinions that are not completely certain and indubitable than I would from those that are patently false” (Descartes 18). This is indicating that he realizes past ideas he had may be founded on nothing and as a result “patently false.” Descartes’ then goes on to question the validity of sense impressions through a rigorous line of questioning. He considers that it might be possible that when he believes he is actually alive, he is actually dreaming. He also considers that a malicious and omnipotent god is manipulating him. Ultimately, he concludes that even with these occurrences, he can be...
2 Pages(500 words)Essay
The Early Adulthood Period
...According to Levinson’s Stage theory, I am passing through the early adulthood period. This period, according to the theory, is from 17-45 years. Furthermore, there is another division inside the group; that is, the age 1-33 is called novice phase, and 33-45 is called culminating phase. The novice phase has further division into three stages; early adult transition, entering the adult world, and adult transition. In this case, I belong to early adult transition category. Presently, being a young adult, I enjoy excellent health, vigor, and physical functioning. Being a young member of the club, I am really active in its activities as I feel good strength,...
8 Pages(2000 words)Research Paper
Changing Character of Alien Immigration in Early Modern Period
...Changing Character of Alien Immigration in Early Modern Period (1500-1700) Perhaps one of the most prominent topics of American history is based on the alien immigration characterized by mainly European settlement in the Americas. Earliest indications of a particular pattern of immigration into and settlement in America manifest a well protracted agenda by the settlers. Discovery of the Americas by opened up an excitement among the explorers and rush for a share of the New World emerged, as it was referred to by the explorers and navigators who discovered. Studies of influx of the European settlers into the New World during the Early Modern...
2 Pages(500 words)Essay
Early Modern American History
...also transformed the agricultural sector. The urban population grew because of the economic activities by 60% between the year 1812 and 18405. These developments set up a platform for other sectors to grow. The change in some of the government policies also boosted the development of the economic growth. The government by allowing the capitalism helped the merchants and other private owner do their trading captivities very effectively. Major economic activities in the early America The early American economy was dominated by the following: The rise of capitalism Capitalism was introduced in the early America republic with the private owners allowed to...
7 Pages(1750 words)Essay
Technology adoption in modern enterprises
... Technology adoption in modern enterprises In the recent past, the element of globalization has hastened a dire need for technological innovations and adoptions in businesses. Evidently, the success of an enterprise has a close link to the expansion protocols and use of technology in delivering the services to its direct clients. A modern business enterprise encompasses the components and the ability to adopt the rapid changes emanating from the innovations present in the modern world. Notably, the businesses taking the toll on more than one continent has to be at the forefront of technology utilization. In essence, such...
1 Pages(250 words)Assignment
Early Modern Japan
...1. Give THREE reasons why Satsuma and Choshu emerged as the leading domains after 1864. Both domains were relatively large, and also had large numbers of samurai. Both had also engaged in various financial reforms previously to 1864, and were wealthy compared to most other domains. Finally, because of their relative distance from the capital and Edo, they were able to remain politically apart from most of the problem facing other domains. 2. Describe the different points of view set forth by the "pragmatists," the "Confucianists," and the Mito School before the coming of Perry. The Confucianists during this period argued for a form of government set forth by Confucius in ancient China. This was responsible for the importance... the...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Causes for adoption of Chinas early modern period trading policies for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us