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The far east

Back to The Far East: A.D. 1301 to 1400

China and manchuria (ming dynasty)

In 1428 the Ming Empire was divided into thirteen provinces, plus the two metropolitan areas of Peking and Nanking. China's canal system was enlarged and nothing in the world equaled China's internal water traffic and trade. Eventually some of the river rafts were three miles long, able to ingeniously fold so as to make the bends in the rivers. (Ref. 260 ) Fortunately the invention and construction of deep water locks throughout the length of the Grand Canal allowed the use of that canal 12 months a year, without having to worry about high and low water periods. (Ref. 279 )

In addition, great maritime expeditions established Chinese hegemony over the key commercial centers of the Indian Ocean, the Malacca straits, Ceylon, Calicut and less definitely at the Persian Gulf. By 1420 the navy was comprised of at least 3,800 ships of which 1,350 were fighting vessels, including 400 large floating fortresses. (Ref. 279 ) Between 1405 and 1433 a Chinese Admiral Cheng-ho, actually a Moslem eunuch, had made seven voyages into the Indian Ocean, bringing back objects from Java, Ceylon and even East Africa. He had 62 ships, the largest vessels probably displacing about 1,500 tons

In comparison, Vasco da Gama's flagship displaced only 300 tons. (Ref. 279 )
and carrying 28,000 men. Including the expeditions under other leaders there were perhaps some 250 vessels participating in the various overseas projects, all of which came to an abrupt halt in 1434 when the emperor suddenly ordered the expeditions stopped and prohibited any further ship construction. The result of this was delivery of the China coast into the hands of the Japanese
Although the Japanese were blamed, McNeill (Ref. 279 ) says that these actually were chiefly Chinese merchant sailors who now had to make their living illegally in this way.
and Malay pirates along with the Portuguese sailors. (Ref. 46 , 8 , 101 , 260 )

Politically, Ming China was somewhat subdued, because of the previous excesses of the Mongol Dynasty and some conscious social leveling affected by the early Ming rulers.

The rich were humbled, slavery was abolished and the poor were pampered with low rental, state land and gifts of seeds, tools and farm animals. China received her horses from Asia, particularly through special frontier fairs in Mongolia and Manchuria. (Ref. 260 ) Fairs were not seen in the number and way that we met in Europe. When the nation was pretty well unified under the Mings, the fairs almost -completely disappeared from the interior and appeared only on the external frontiers, as noted regarding the horse fairs near Manchuria. Occasionally a caravan would arrive from Moscow, setting up fairs in Hanchu or Cheng Tun. (Ref. 292 )

In the first half of the century metal characters for use as moveable type were perfected (this may actually have been done in Korea) and these soon became widely used for 50 years before the Gutenberg "invention". Inflation, which had been occurring over several centuries, now reached the point where 1,000 paper notes were required for 3 caixas of cash, so the state abandoned the paper money and private banks put it out only for local needs. As paper money disappeared, rice reappeared as a money substitute for ex- change. (Ref. 260 )

Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
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Lambiv
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appreciation
Eliyee
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Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
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Shukri Reply
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AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
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Shukri
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Shukri
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Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
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Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
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Jabir
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Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
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In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:  OpenStax, A comprehensive outline of world history. OpenStax CNX. Nov 30, 2009 Download for free at http://cnx.org/content/col10595/1.3
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