The Columbian Exchange and Global Trade
Words: 318 Pages: 1 7040The Columbian Exchange also had negative impacts on Afro-Eurasia. The increase in silver circulation that occured because of Columbian Exchange led to massive inflation, which affected the exchange of all crops as their value was based on silver. For example, the more precious Spanish galleons that flowed into China due to large European demand for Chinese goods, the more its value dropped, which had detrimental impacts on the Chinese regime and the Spanish economy (Grolle). Inflation caused Spain to lose […]
