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
SS Aztec sinking, the Hawaii World War I Centennial Task Force held a ceremony for the lost crew of the ship on 3 April 2017. SS Aztec SS "Aztec" was an American Cargo ship during the late 19th and early 20th centuries. On 1 April 1917 she was torpedoed by German submarine SM U-46 off of the northwest coast of France. SS "Aztec" was built in 1894 by Edwards & Sons Shipbuilding Co in Howdon-On-Tyone at the request of the Pacific Mail Steamship Company. She ran regular routes between San Francisco, Honolulu, and Shanghai. She departed New York City in March 1917