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 1500 to 1800, Mexico and Peru produced about 80% of the world's silver with 30% of it eventually ending up in China (largely because of British merchants who used it to purchase exotic Chinese commodities). In the late 16th and early 17th century, Japan was also exporting heavily into China and the foreign trade at large. As has been demonstrated, China dominated silver imports. The market value of silver in the Ming territory was double its value elsewhere, which provided great arbitrage profit for the Europeans and Japanese. The abundance of silver in China made it easy for the country