To: elmatador who wrote (65411 ) 8/15/2010 7:49:13 PM From: maceng2 Read Replies (1) | Respond to Ming Dynasty to blame By the 16th century the Ming economy was stimulated by trade with the Portuguese, the Spanish, and the Dutch. China became involved in a new global trade of goods, plants, animals, and food crops known as the Columbian Exchange. Trade with European powers and the Japanese brought in massive amounts of silver, which then replaced copper and paper banknotes as the common medium of exchange in China. During the last decades of the Ming the flow of silver into China was greatly diminished, thereby undermining state revenues and indeed the entire Ming economy. This damage to the economy was compounded by the effects on agriculture of the incipient Little Ice Age, natural calamities, crop failure, and sudden epidemics. The ensuing breakdown of authority and people's livelihoods allowed rebel leaders such as Li Zicheng to challenge Ming authority. en.wikipedia.org Ming rule saw the construction of a vast navy and a standing army of one million troops.[3] Although private maritime trade and official tribute missions from China had taken place in previous dynasties, the tributary fleet under the Muslim eunuch admiral Zheng He in the 15th century far surpassed all others in size. There were enormous construction projects, including the restoration of the Grand Canal and the Great Wall and the establishment of the Forbidden City in Beijing during the first quarter of the 15th century. Estimates for the late-Ming population vary from 160 to 200 million.[4] The Ming dynasty is often regarded as both a high point in Chinese civilization as well as a dynasty in which early signs of capitalism emerged.[5]
