How did the Ming dynasty gain wealth?

Answer 1

The Ming dynasty gained wealth through several key factors, including the expansion of trade, both domestically and internationally, particularly along the Silk Road and maritime routes. Agricultural advancements and improvements in farming techniques led to increased food production, which supported a growing population and urbanization. Additionally, the government implemented tax reforms and monopolized certain industries, such as salt and iron, which further enhanced state revenue. The Ming also engaged in tribute trade with neighboring states, solidifying economic ties and enriching the empire.