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
Immigration to Uruguay of immigrants in Uruguay are the Spaniards and Italians, both establishing the backbone of modern day Uruguayan culture and society. Uruguay is a multiethnic nation formed by the combination of different groups over five centuries. Amerindians inhabited Uruguayan territory for several millennia before Spanish Conquest in the 16th century. Spaniards and Africans arrived in significant numbers under colonial rule. Many people of European background, African background and some Amerindians. Beginning in the second half of the 19th century, there has been a gradual European immigration from several countries, which had its peak between 1870 and 1920; back then, Villa del