French language in Canada working for Italian bankers in France, explored the American coast from Florida to Cape Breton. In 1529, Verrazzano mapped a part of the coastal region of the North American continent under the name Nova Gallia (New France). In 1534, Francis I, King of France, sent Jacques Cartier to discover new lands. He discovered the Gulf of Saint Lawrence, sealed an alliance with the local people and obtained passage to go farther. During his second expedition (1535–1536), Cartier discovered the Saint Lawrence River, a path into the heart of the continent. However, Cartier failed to establish a permanent colony in the
Global silver trade from the 16th to 18th centuries global economic changes the silver trade engendered, it also put into motion a wide array of political transformations in the early modern era. "New World mines," concluded several prominent historians "supported the Spanish empire," acting as a linchpin of the Spanish economy. 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. The Spanish acquired the silver, minting it into the peso de ocho (a currency)