China Boom w/ Ho-fung Hung
The Dig
00:00
The Chinese Economy and the Importance of the American Silver
In the sixteenth century, demand for chinese silk and seramics on the world market exploded. By the eighteenth century, china was absorbing the majority of silver that european colonialists were mining in the americas. And why, given this incredible wealth, wasn't China able to undertake that primitive accumulation required to take that next big step to capitalist take off? That is an interest chapter of history.
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