Which areas of the Americas produced the bulk of the silver?

Which areas of the Americas produced the bulk of the silver?

Two main centers of silver production emerged in 16th-century Spanish America: the region north and west of Mexico City, centered on the provinces of Zacatecas and Guanajuato, and the “mountain of silver” at Potosí in the Peruvian Andes.

Which of the following products became the core of China’s economic expansion in the fifteenth and sixteenth centuries?

China’s economic expansion in the fifteenth and sixteenth centuries resulted from: internal improvements and economic growth. Entrepôtcities servedas important hubs for: long-distance trade networks.

How did the Spanish Crown seek to prevent the growth of a powerful colonial aristocracy in the former Inca empire?

How did the Spanish crown seek to prevent the growth of a powerful colonial aristocracy in the former Inca Empire? The introduction of American food crops to Afro-Eurasia: contributed to explosive population growth in Afro-Eurasia.

How did the influx of Spanish silver affect the European economy?

Influx of silver and getting rid of Jews and Muslims and demand for products causes a massive inflation in economy of Spain. The country was rich but wasn’t producing anything because of their low manufacturing class and large demands for goods. This caused Spain’s economy to collapse.

What led to the silver trade?

In exchange, the Chinese traded their popular goods such as silk and porcelain. China had a high demand for silver due to its shift from paper money to coins in the early period of the Ming Dynasty. Hence silver became of high value because it was a valid currency that could be processed abroad.

What were contributing to driving the silver trade from 1550 to 1800?

Contributing factors to the patterns of the global silver trade between 1550-1800 include large cities and ports, economic demand, and the use for government tax .

What were the negative impacts of China’s demand for silver?

The value of silver fell, and China’s economy was rocked by inflation. Fluctuating values of silver caused the real salaries of Chinese officials to rise and fall, encouraging graft and corruption. For Spain, the declining value of silver meant disaster.

How did silver change the world?

“The effects of the global trade in silver were worldwide and linked the world in new and unprecedented ways. It also led to an increasing traffic in humans to work, among other places, in the silver mines of the Americas. In the Americas, silver mining at Potosí led to the deaths of eight million Indians.

How did silver change the world economy?

In Asia, silver also promoted economic growth, slowly replacing paper currency and further enveloping Asia into the world economy. However, silver created a wider gap between the rich and the poor, especially in the Americas, where it was harvested, and the working conditions in mines were harsh.

Where was silver first found in the Americas?

Silver in the Americas. The discovery of massive deposits of silver in New Spain and Peru from the mid-16th century set in motion a chain of events that reverberated across the globe. Large-scale silver production in Spanish America not only transformed local, regional, and colonial economies across large parts of the Americas.

Why was there so much silver in the 16th century?

There are not many records of the amount of silver which crossed the Pacific due to it being discouraged by the Spanish monarchy, so estimates highly vary. During the 16th and 17th centuries, a large amount of silver also remained in the Americas, accumulated through the business of local merchants.

How did mercury amalgamation change the American economy?

Mercury amalgamation dramatically increased the volume of silver production in the Americas, giving way to silver’s central role in American economies and the burgeoning global economy. From 1575 to 1590, the use of amalgamation multiplied the output of Potosí, the most prominent Andean silver mine, by six.

Why was Japan supplanted as a primary source of silver for China?

After 1570, why was Japan supplanted as the primary source of silver for China? The Spanish took control of the Philippines and used it as a conduit for silver from their colonies in the Americas. Nice work! You just studied 38 terms!