Please explain the relevance of this document from the 2006 World History AP Exam. Souce: Tomas de Mercado, Spanish scholar, Manual of Deals and Contracts, Seville, 1571.   High prices ruined Spain as the prices attracted Asian commodities and the silver currency flowed out to pay for them. The streets of Manila in the Spanish territory of the Philippines could be paved with granite cobblestones brought from China as ballast in Chinese ships coming to get silver for China. Thank you so much!

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This is the second of several documents in the Document-Based Question (DBQ) from the 2006 AP World History exam. Tomas de Mercado was a Spanish scholar writing in 1571, a time when the establishment of the Spanish Empire was beginning to have dramatic effects on the economies of Spain, Europe, and the world. Mercado is attempting to explain these changes, which, as he points out, involve inflation. It is relevant to the question posed on the exam, which is as follows: "Analyze the social and economic effects of the global flow of silver from the mid-sixteenth century to the early eighteenth century."

From this source, we can see that educated Spanish observers (for the sake of document...

(The entire section contains 2 answers and 365 words.)

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