Economic+innovations+of+the+Tang,+Song,+and+early+Ming+China,+Swahili+Coast+trade,+economic+systems+in+the+Americas

**Economies of Tang, Song, Ming, Swahili Coast, Americas**
__**Ming**__ __**Swahili Coast**__ __**Central/South America**__
 * __Tang__**
 * equal-land system
 * trade within China and with other Asian countries such as Japan and Korea
 * tea trade as tea becomes more popular
 * lots of taxes (in grain, materials, and military service)
 * coin currency-silk and hemp also used
 * markets
 * econ grows- credit and loans are used
 * __Song__**
 * agricultural econ-help of new tools and techniques
 * specialize on the production of a single crop-tea, herbs, vegetables, etc[[image:http://www.cliftonworldmoneyshow.com/cliftoncollage.gif width="282" height="204" align="right"]]
 * silk production-spinning, weaving, dyeing important econ activities
 * porcelain an important trade good
 * currency-paper money
 * state monopolies on salt, tea, and alcohol
 * need to rebuild econ after mongols ruin it
 * silver bar currency replaces paper money
 * manufactures paper, porcelain, silk, tea, etc
 * technical innovations improve for tools and other items needed to produce goods
 * farmers, merchants, fishermen
 * trade with Muslims-gold, slaves, ivory, & other exotic products
 * wealth leads to powerful kingdoms
 * Portuguese try to control/ monopolize Indian Ocean Trade through Swahili but fail
 * Maya-long distance trade to central mexico, agricultural econ, no money system but used cacao beans and other materials as currency, human labor
 * Aztecs-trade prospered, human labor, cacao beans as currency along with other materials, conquered area pay tribute, agricultural econ
 * Incas- human labor, peasants support the ruling classes, agricultural econ.

Sorces: Princeton Review (pgs.156, 158, &159) [] [] []