Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (65458)	8/16/2010 2:41:09 AM
From: elmatador	Respond to of 217716

events signalling China's shift to an inward foreign policy. Isolation to globalization In 1479, the vice president of the Ministry of War burned the court records documenting Zheng He's voyages; it was one of many events signalling China's shift to an inward foreign policy.[100] Shipbuilding laws were implemented that restricted vessels to a small size; the concurrent decline of the Ming navy allowed the growth of piracy along China's coasts.[101] Japanese pirates—or wokou—began staging raids on Chinese ships and coastal communities, although much of the piracy was carried out by native Chinese.[101] Instead of mounting a counterattack, Ming authorities chose to shut down coastal facilities and starve the pirates out; all foreign trade was to be conducted by the state under the guise of formal tribute missions.[101] These policies were known as the hai jin laws, which enacted a strict ban on private maritime activity until the laws' formal abolishment in 1567.[100] In this period government-managed overseas trade with Japan was carried out exclusively at the seaport of Ningbo, trade with the Philippines exclusively at Fuzhou, and trade with Indonesia exclusively at Guangzhou.[117] Even then the Japanese were only allowed into port once every ten years and were allowed to bring a maximum of three hundred men on two ships; these laws encouraged many Chinese merchants to engage in widespread illegal trade and smuggling.[117] The low point in relations between Ming China and Japan occurred during the rule of the great Japanese warlord Hideyoshi, who in 1592 announced he was going to conquer China. In two campaigns that are known collectively as the Imjin War, the Japanese fought with the Korean and Ming armies. Both sides won victories in the war, which was fought almost entirely in Korea and the surrounding waters. Decisive battles were won by Ming and Korean forces, and with Hideyoshi's death in 1598, the Japanese gave up their last Korean bases and retreated to Japan. However, the victory came at an enormous cost to the Ming government's treasury: some 26,000,000 ounces of silver.[118] [edit] Trade and contact with Europe