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 China had no real amount of precious metals of their own to back the paper money they invented. Because the Spaniards didn't find gold but did find copious amounts of silver, the Spaniards and the rest of Europe used this silver to purchase the commodities of choice from China, solving both of their problems. A result of the Spanish colonization of the Americas was the discovery, production, and trade of precious metals. The Spanish, along with other European nations, had a great desire for Chinese goods such as silk and porcelain. The Europeans did not have any goods or commodities