Posts Tagged ‘silver coins’

Abundant Silver Coins in the United States and Chinese economy

Cash was a valid means of ingratiating the Chinese people even in the early 18th century. Unlike Western merchants, American merchants were good at paying in cash, which made them attractive to Chinese people. Silver coins were the key currency of trade at that time. The areas that mainly produced silver coins were Spanish American regions. This was the reason why the export of silver coins were the mainstay of U.S. trade with China.

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The United States’ differentiated strategies on the last train to China

The U.S. entry into China was significantly later than any other Western country. The West had already started trading with China since the 16th century. Therefore, the U.S. had to differentiate its strategy to dominate the Chinese market. Moreover, the ideology to protect its strengths and principles as a new independent country was to become dominant.

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