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China trade
(1,232 words)

1. The role of silver in Chinese foreign trade

From the 14th to the 18th centuries, the foreign trade of China was shaped by the shortage of currency metals in the country, especially silver and copper. Among the consequences of this shortage was a diminished price ratio between silver andgold (Precious metals). Whereas in Western Europe, gold was for centuries between 12 and 15 times as valuable as silver by weight, the…

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Pfister, Ulrich, “China trade”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 26 February 2024 <http://dx.doi.org/10.1163/2352-0272_emho_COM_018023>
First published online: 2015
First print edition: 20160907

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