by Josh Orcutt
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ultimately all silver from all
over the world went to China
silver cost twice as much in China
compared to Spain this is because the
chinese could manufacture the silver into
other objects (jewlery, dinnerwear, ect.)
China began to use silver as a modern currency
compared to paper money. They made this change
because paper money was beginning to be over
issued to the public and cause the money to loose
China's population was about 1/4 of the worlds total, and its
tribute system also invited more people. And with a large
amount of silver and the large population, this caused a boom
in silvers value for china.
Sent out conquistadors, explored around the
Cape of Good Hope and set them self's up
and were able to create a link for future
maritime trading of silver and other goods.
exporting about 40% of the
Exported 200 tons of silver yearly, but this rate
declined in the late 17th century due to the
abundance of silver in the state, which caused
major inflation, silver began to loose its value.
But did not export silver until
conquistadors came to the Americas.
Latin America was able to mine out
150,000 tons of silver over the time span
of 1500 to 1800
sending in silver to Ming empire,
Soon, around 150 tons of silver
began to travel between Europe and
A region of the Andes, located in Bolivia. With
the discovery of Silver, the population atop the
mountain exploded to 160,000. The mountain
itself was thought to have produced up to 60%
of all the worlds silver.