Global silver trade from the 16th to 18th centuries which China desired, so they traded silver to make up for their trade deficit. The two most important mining colonies of the Spanish Empire were Peru and Mexico, who were estimated to have provided one-hundred thousand tons of silver from the mid 16th Century to the end of the colonial period. The richest, and most productive mine in the Americas was that of Potosí in what is modern day Bolivia. The richest camp in Mexico was in the city of Zacatecas, however the production of this mine was far less than that of Potosi. More simplistic native mining techniques dominated
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