Chinese-Mexican Relations through the trade of Silver in the Nineteenth Century

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Anna Dvorak
Anna Dvorak
α Eastern Washington University Eastern Washington University

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Chinese-Mexican Relations through the trade of Silver in the Nineteenth Century

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Abstract

Although most people today believe that global integration such as China’s predominance in global trade is a new phenomenon, it is actually not a recent development. Destined for China, heightened profit opportunities resulted in an unprecedented surge in silver production in Mexico. Silver demand grew along with China’s population, which consequently led to a “fifty percent silver price premium in China” (Giraldez, Flynn, 1945, 392). “No one disputes the existence of a world market for silver: The issue is how to model it” (Flynn in Tracy 1991, 337). Therefore, I will discuss how trade of silver between China and Mexico affected both countries’ economic development.

References

15 Cites in Article
  1. L Bortz,S Haber (2002). The Mexican Economy, 1870-1930: Essays on the Economic History of Institutions, Revolution, and Growth.
  2. Timothy Brook (1999). The Confusions of Pleasure: Commerce and Culture in Ming China.
  3. Edith Couturier (2003). The silver king: the remarkable life of the Count of Regla in colonial Mexico.
  4. K Deng (2008). Miracle or Mirage? Foreign Silver, China's Economy and Globalization from the Sixteenth to the Nineteenth Centuries.
  5. D Flynn,A Giraldez (2002). Cycles of Silver: Global Economic Unity through the Mid-Eighteenth Century.
  6. D Flynn,L Frost,A Latham (1999). Pacific centuries: Pacific and Pacific Rim history since the sixteenth century.
  7. Hanna (1903). Stability of International Exchange: Report on the Introduction of the Gold-Exchange Standard Into China and Other Silver-Using Countries.
  8. Jonathan Kirshner (1995). Currency and Coercion.
  9. Fernando Lopez-Alves (2000). State Formation and Democracy in Latin America, 1810-1900.
  10. E Mungello (1999). The Great Encounter of China and the West, 1500-1800.
  11. L Salvucci (2009). Politics, Markets, and Mexico's 'London Debt' 1823-1887.
  12. W Schell (2001). Silver Symbiosis: ReOrienting Mexican Economic History.
  13. D Stevens (1991). Origins of Instability in Early Republican Mexico.
  14. S Topic (2005). The Revolution, the State, and Economic Development in Mexico.
  15. Richard Von Glahn (2007). FOREIGN SILVER COINS IN THE MARKET CULTURE OF NINETEENTH CENTURY CHINA.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Anna Dvorak. 2015. \u201cChinese-Mexican Relations through the trade of Silver in the Nineteenth Century\u201d. Global Journal of Human-Social Science - H: Interdisciplinary GJHSS-H Volume 15 (GJHSS Volume 15 Issue H1): .

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Issue Cover
GJHSS Volume 15 Issue H1
Pg. 17- 23
Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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Classification
GJHSS-H Classification: FOR Code: 910303
Version of record

v1.2

Issue date

February 20, 2015

Language
en
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Published Article

Although most people today believe that global integration such as China’s predominance in global trade is a new phenomenon, it is actually not a recent development. Destined for China, heightened profit opportunities resulted in an unprecedented surge in silver production in Mexico. Silver demand grew along with China’s population, which consequently led to a “fifty percent silver price premium in China” (Giraldez, Flynn, 1945, 392). “No one disputes the existence of a world market for silver: The issue is how to model it” (Flynn in Tracy 1991, 337). Therefore, I will discuss how trade of silver between China and Mexico affected both countries’ economic development.

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Chinese-Mexican Relations through the trade of Silver in the Nineteenth Century

Anna Dvorak
Anna Dvorak Eastern Washington University

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