Answer: The economic and social effects
It improved substantially the commercialization of China's economy.
It boosted global commerce.
Silver became a key commodity.
It enhanced long-distance trade among Nations.
It enhanced bilateral trade Relationship between the Europeans and the Chinese.
Explanation: Silver trade took place between the sixteenth Century and the nineteenth Century the Chinese were very much attracted to silver that in certain kingdoms/dynasty (Ming dynasty) of China,Silver was used to pay taxes and for settling debts.
The Chinese had great need for silver because they were phasing out paper currency,they made several attempt at producing coins but failed,so they made every effort to source for it abroad.
