Global silver trade from the 16th to 18th centuries American mining for the early part of the 16th Century. Mining in the Americas became formally industrialized when the process of mercury amalgamation became popularized. Mercury amalgamation was invented by a Spaniard in central Mexico in the 1550s. Historians dispute what individual was the first to invent the process, however most agree that it was a Spaniard. Mercury was the one of the highest costs of production for the Americas, since much of it had to be shipped. The ratio of Mercury to silver produced was about two to one. Furthermore, German miners introduced the stamp mill and lead smelting
Global silver trade from the 16th to 18th centuries Global silver trade from the 16th to 18th centuries The global silver trade between the Americas and Europe from the sixteenth to nineteenth centuries was a spillover of the Columbian Exchange which had a profound effect on the world economy. In fact, many scholars consider the silver trade to mark the beginning of a genuinely global economy, with one historian noting that silver "went round the world and made the world go round." Although global, much of that silver ended up in the hands of the Chinese, as they accepted it as a form of currency. In addition to the