#252 - Ming 37: The Donglin Debacle
The History of China
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The Importance of Economic Growth in the Ming Dynasty
During the reign of Tianchi, China's economy stagnated and declined. A drop in silver exports may have been tied to a decline in Peruvian production. Chinese merchants also feared to trade in Manila because of the dangers posed by pirates. Large-scale fires swept across Hangzhou, Beijing, and other major cities; flooding hit Shuzhou.
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