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Mercantilism and Global Trade
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World History
10.53 Mercantilism and Global Trade
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When disruptions reduced the flow of silver into China, taxpayers who owed silver could face hardship even if they produced grain. What broader point does this show?
A
Chinese taxes were completely isolated from long-distance trade.
B
Local tax burdens could depend on global silver supply and market connections.
C
Farmers paid taxes only in Caribbean sugar after 1600.
D
Silver disruptions proved that global markets did not exist.
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