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Ming China demanded payment in gold and silver for goods primarily to maintain the value of its currency and ensure a stable economy. By requiring precious metals, the Ming government aimed to control inflation and safeguard the empire's wealth. Additionally, these metals were seen as a standard of value in international trade, reinforcing China's status as a dominant economic power during that period. This practice also reflected the Ming dynasty's interest in preserving its economic sovereignty and reducing reliance on foreign currencies.
What else can I help you with?
Why did ming rulers repair and expand the Grand Canal?
Ming rulers repair and expaned the Grand Canal so that rice and other goods could again be shipped fromsouthern to northern China.
Why did the European merchants generally trade gold an silver for Chinese goods in Ming dynasty rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
Why did China enjoy a favorable balance of trade with Europe during the Ming dynasty?
chinese silk continued to be in high demand in europe
What was the area that the Ming Dynasty ruled?
China The Ming Dynasty lasted from 1368 until 1644.
What was the dynasty that was founded when the mongols were driven to china?
The Ming Dyansty.
Why did Ming China demand that Europeans pay for goods with gold or silver?
The use of silver was very important during the Ming Dynasty in China. Silver was used to pay taxes and was essential for larger trading transactions. Silver is also not a natural resource found in China, and they would normally have to barter with many countries to gather silver.
Why did European merchants generally trade gold and silver for Chinese goods in ming china rather than manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
Why did European merchants generally trade gold and silver for Chinese goods in ming china rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
Why did ming rulers repair and expand the Grand Canal?
Ming rulers repair and expaned the Grand Canal so that rice and other goods could again be shipped fromsouthern to northern China.
How did foreign affect Ming china?
How did foreign trade affect Ming china
Why did the European merchants generally trade gold an silver for Chinese goods in Ming dynasty rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
Why did China enjoy a favorable balance of trade with Europe during the Ming dynasty?
chinese silk continued to be in high demand in europe
What was the area that the Ming Dynasty ruled?
China The Ming Dynasty lasted from 1368 until 1644.
What is a generalization about Ming China?
things in china
Who established the Ming Dynasty?
The Ming family of Ancient China had established the Ming Dynasty.
What was on major of the Ming dynasty's policy to restrict trade between china and Europe?
Pirates and smugglers began to supply European merchants with Chinese goods.
Where did the ming live?
in china.
