What is the importance of silver mining to the economy of Spanish America?

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03-03-2022
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What is the importance of silver mining to the economy of Spanish America?

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Diasadiasalman18idn Diasadiasalman18idn · Answer 1 · 2022-03-03T08:56:02-05:00

Diasadiasalman18idn Diasadiasalman18idn

03-03-2022

Answer:

Spaniards at the time of the Age of Exploration discovered vast amounts of silver, much of which was from the Potosí silver mines, to fuel their trade economy. Potosí's deposits were rich and Spanish American silver mines were the world's cheapest sources of it.

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