Single Whip Method
一条鞭法 / Single Whip Law — Institutions
A Ming tax system implemented nationwide by Zhang Juzheng in 1581. It consolidated various taxes and corvée labor into a single payment in silver.
A Ming tax system implemented nationwide by Zhang Juzheng in 1581. It consolidated miscellaneous taxes and corvée labor into a single payment in silver. This made China the market that valued silver most highly in the world.
⚠ One country's tax reform drew in the flow of silver across the Pacific (Galleon Trade). An example of a system creating trade winds.