StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

China (1000-1600CE) economic - Research Paper Example

Cite this document
Summary
In the course of industrial development in the 11th century, the Chinese developed technology that was sophisticated enough to use coal energy for iron production. During that century, iron production increased several-fold over what was produced previously…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
China (1000-1600CE) economic
Read Text Preview

Extract of sample "China (1000-1600CE) economic"

Download file to see previous pages

Moreover, the production of coal was also increased and this was because an estimated one million households were using it every day for heating purposes.1 In those centuries, the light industry also continued to prosper in China and it included the making of porcelain, the building of ships and the textile industry. The making of textiles especially grew considerably and many families worked in this industry and depended on it to make a living.2 The rate of urbanization also increased as people realized that it was in the cities that wealth could be made.

Several industries were heavily regulated by the government and these included the production of sulphur, which was a crucial ingredient in the production of gunpowder, which was then a new weapon component. The other industry that was under the government monopoly was the tea industry, whose revenues the government used to fund the equipment of its military. As for agricultural development in that period, there were great agricultural advancements and this was because the government encouraged and sponsored irrigation projects, which increased the amount of land that could be cultivated.

Furthermore, the government often encouraged the peasants to cultivate more land so that they could produce enough food for themselves and the surplus could be kept for emergency purposes. A large variety of crops were cultivated and these included rice, which was a staple, and other specialized crops such as oranges and sugarcane which tended to be planted alongside rice. Many peasants sold the surplus of the food they had produced, and they further added to this income through the making of sculptures among other handicraft, and this ensured that they had a steady income to enable them to live comfortably.

It was during this period that a new breed of rice, called champa, was introduced in China, which had more yields than the other types of rice planted before, and this ensured the food security of the entire population of this state for a long time to come.3 The structure of agricultural production also changes in such a way that, whereas before agriculture had either been dominated by the land owning aristocracy or self-sufficient peasants, in this period, agricultural production came to be dominated by a non-aristocratic land owning class.

In this system, most of the farmers did not own the land, which they farmed, and instead, they were tenants to these new landowners. Commercial development. The merchant class of this time had become more sophisticated than its predecessors and not only was it well organized, but it was also very much respected in the Chinese society. These merchants through their business ventures managed to accumulate great wealth and it is said that this wealth even rivaled that of the educated class government officials.

Many merchants were members of guilds, which were organized according to the sort of products they put on the market. Those tended to set the costs of the particular products that they sold.4 In the urban areas of China, the privately owned businesses dominated the markets in these cities. The most successful businesses in this period tended to be family owned enterprises and these experienced a fair amount of success as the quality of products from particular businesses was well known by their customers.

The government’s lifting of all restrictions to trading activities greatly enhanced the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“China (1000-1600CE) economic Research Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
China (1000-1600CE) economic Research Paper Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/history/1458241-china
(China (1000-1600CE) Economic Research Paper Example | Topics and Well Written Essays - 1000 Words)
China (1000-1600CE) Economic Research Paper Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/history/1458241-china.
“China (1000-1600CE) Economic Research Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/history/1458241-china.
  • Cited: 0 times

CHECK THESE SAMPLES OF China (1000-1600CE) economic

What are important factors accounting for early human mobility

Since ancient times china possess features that add to the strength of the country in attaining global recognition.... At present, mobility is the basic and essential feature of human growth.... It has been long ago that human being have conquered over the natural barriers by space and distance factor with advanced and modifies transportation facilities....
15 Pages (3750 words) Essay

Macro and Micro Economics of the Country

Question 1 First of all, we are going to consider such important economic indicator as GDP.... In fact, it is an obvious fact, taking into account the recent economic problems in this country, about which we will say a few word below.... Question 2 In order to evaluate the degree of social and economic development of a country it is important to evaluate not only an absolute level of GDP, but also such indicator as GDP per capita.... Macro and Micro Economics We are going to conduct macroeconomic analysis of the following five countries: Australia, Brazil, china, Spain and Zimbabwe....
6 Pages (1500 words) Essay

The Main Market of Volkswagen Group

Keith Davis definition related corporate social responsibility to company's “decisions and actions taken for reasons at least partially beyond the firm's direct economic or technical... Thus, company's second largest market is china, where Volkswagen Group china can be called the Second largest Joint venture automaker....
17 Pages (4250 words) Essay

South Korean Automobile Market - Non-Tariff Barriers

Both countries substantially rely on the profits of the automobile trade for their economic growth and their market sizes are often large.... The essay "South Korean Automobile Market-Non-Tariff Barriers" examines the updated trade patterns and determinant of complete passenger and road vehicle trade between the U....
36 Pages (9000 words) Essay

Marketing Project for Harrods

The industry of fashion is marked by seasonality and volatility and is subjected to various vulnerabilities.... The objective of the current report was to understand and… The report analyzed the external and internal market, which will further help in establishing future strategies and tactics for sustainable business development....
13 Pages (3250 words) Essay

Improving Public Transport in Oxfordshire

This work called "Improving Public Transport in Oxfordshire" focuses on a sustainable solution in improving the ease of transportation to the Oxfordshire community.... The author outlines alternative means of commuting, county council commuter service, challenges on effective implementation of the strategies....
10 Pages (2500 words) Research Proposal

National Risk Register for India

This study identifies hazards and potential risks to the environment and the people of India based on fatalities and economic losses.... Effects: Impacts of risks were identified based on the effects related to the six types of harm: human impact, direct economic loss, loss of life, environmental impact, social distress and psychological distress.... economic impact includes the assessment of financial losses due to destruction of production facilities and infrastructure....
13 Pages (3250 words) Assignment

Expression of A Likely Viewpoint from A Madagascan Village Elder

Also, it has led to the social-economic development of various regions in the country that sisal is cultivated.... Brazil was the highest producer (113000 tons); Tanzania (37000); Kenya (27600 tons; Venezuela (10500 tons); Madagascar (9000 tons); china produced 40000 tons; and other countries such as South Africa, Cuba, and Haiti produced only small proportions....
6 Pages (1500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us