Since There Was No Demand for European Products in Asia

question 18

Multiple Choice

Since there was no demand for European products in Asia, what steps did the Dutch take to reduce the need to use precious metals to pay for Asian spices?

• A) Dutch privateers captured Spanish treasure ships bound for Manila.
• B) The Dutch used their merchant ships to increase their participation in intra-Asian trade.
• C) The Dutch introduced the opium trade to Southeast Asia.
• D) Dutch merchants used paper money and letters of credit to pay for spices.

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Definitions:

Protestant Reformation

A religious movement in the 16th century that led to the creation of Protestant Christian denominations, breaking away from the Catholic Church and its practices.

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The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, leading to technological innovation and changes in society.

Credential Inflation

refers to the growing demand for higher educational qualifications for jobs that previously required less formal education, leading to an escalation in the educational requirements for employment.

Technical Requirements

Specifications or criteria defined by developers or stakeholders that outline the technical needs a project or product must meet.