The Silver Trap That Broke an Empire
Автор: The Economic Historian
Загружено: 2026-02-03
Просмотров: 43
Описание:
For centuries, Imperial China dominated global production—yet collapsed after surrendering control of its monetary system.
This documentary explains how foreign silver, monetary dependency, and institutional design dismantled the Chinese empire.
For three hundred years, China absorbed the world’s silver while exporting silk, tea, and porcelain on an unmatched scale. The Ming Dynasty’s decision to monetize taxation in foreign silver created efficiency—but also dependency. When global trade flows shifted, the same mechanism that fueled imperial stability triggered catastrophic deflation, fiscal collapse, and political subordination.
This video traces how silver from the Americas entered China through European trade networks, how monetary sovereignty quietly transferred to foreign powers, and how the British East India Company weaponized these flows through the opium trade. The Opium Wars, the Treaty of Nanking, and the Qing Dynasty’s decline were not failures of production or culture—but failures of monetary control.
This is not a story of incompetence or weakness.
It is a case study in how empires fall when they outsource control of money.
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