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Taxation, Bullion, and Imperial Revenue
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AP World History
APWH.159 Taxation, Bullion, and Imperial Revenue
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Which explanation best connects Asian demand for silver to the maintenance of European maritime empires?
A
Asian demand eliminated European incentives to mine or tax silver.
B
Asian demand made silver a useful exchange medium, encouraging European states to tax American bullion and regulate its movement to Asian markets.
C
Asian demand meant Asian merchants paid European taxes directly in Madrid and Lisbon.
D
Asian demand prevented maritime routes from linking the Americas and Asia.
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