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Log in through your institution journal article Time, Money, and the Weather: Ming China and the "Great Depression" of the Mid-Fifteenth CenturyThe Journal of Asian Studies Vol. 61, No. 1 (Feb., 2002) , pp. 83-113 (31 pages) Published By: Association for Asian Studies https://doi.org/10.2307/2700190 https://www.jstor.org/stable/2700190 Read and download Log in through your school or library Alternate access options For independent researchers Read Online Read 100 articles/month free Subscribe to JPASS Unlimited reading + 10 downloads Journal Information For 56 years, The Journal of Asian Studies has been recognized as the most authoritative and prestigious publication in the field of Asian Studies. This quarterly has been published regularly since November 1941, offering Asianists a wealth of information unavailable elsewhere. Each issue contains four to five feature articles on topics involving the history, arts, social sciences, philosophy, and contemporary issues of East, South, and Southeast Asia, as well as a large book review section. Publisher Information Formed in 1941, the Association for Asian Studies--the largest society of its kind in the world--is a scholarly, non-political, and non-profit professional association open to all persons interested in Asia. It seeks through publications, meetings, and seminars to facilitate contact and an exchange of information among scholars to increase their understanding of East, South, and Southeast Asia. For further information about AAS activities, publications, and membership, please see the AAS website: http://www.asian-studies.org. Rights & Usage This item is part of a JSTOR Collection. Was China More Productive Than Europe?, Part 1When we think about the kind of trade taking place across the world in the 1600s and 1700s, and we recognize that Chinese finished goods are going to Europe in return for silver, this shouldn't be too great a surprise, since we know that if we go back several centuries to the Song dynasty that the first real urban commercial dynamism within Eurasia took place there.  A water-turned wheel for irrigation There was an expansion of trade, the development of larger cities, the improvement of agricultural technologies to raise the yields of rice and other grains and crops on the land. And there was the development of transportation technologies to take advantage of river transport. Those developments start in China much earlier on a broader spatial scale than they do anywhere else in the world. And therefore in the year 1100, the most developed economy in the world was certainly in China. And it's that lead, as it were, that China developed, beginning in roughly 1000, that remained in place for several centuries. Eurasian economies grew and contracted in this preindustrial area, but in essence, the Chinese economy remained a very productive economy for the following 500 years, so that when trade started to take place between China and Europe, fueled by the American silver that the Europeans were bringing to China, it was not surprising that the Chinese economy was, in certain ways at least, a more productive economy. A water-powered pounding mill. China had captured the energy of water by the first or second century AD We can only understand this contrast if we're aware of the Chinese economy beginning in the year 1000. If we tell our stories about global economic history beginning with European explorations in the late fifteenth century, we don't pick up the story until the time when Europeans themselves started to develop economically. We don't take into consideration that the Chinese had, in earlier centuries, already achieved levels of productivity that the Europeans only started to achieve in the 1500s. ← Previous | Next →What led to China's economic expansion in the fifteenth and sixteenth centuries?China's economic expansion in the fifteenth and sixteenth centuries resulted from: internal improvements and economic growth. Entrepôtcities servedas important hubs for: long-distance trade networks.
What were the major factors that helped increase the Chinese economy?Trade liberalization was also a major key to China's economic success. Removing trade barriers encouraged greater competition and attracted FDI inflows.
What are the four factors that led to the rise of the Chinese economy?Four factors that led to the rise of the Chinese economy are market socialism, large-scale production, cheap cost of production, and privatization.
Which of the following products became the core of China's economic expansion in the fifteenth and sixteenth centuries?Copper cash (picis) from China was the most important means of exchange in most parts of Southeast Asia in the fifteenth and early sixteenth centuries.
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Which of the following factors led Chinas economic expansion in the fifteenth and sixteenth centuries?
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