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
Germany in the early modern period Germany in the early modern period The German-speaking states in the early modern period (1500–1800) were divided politically and religiously. They all suffered greatly in the Thirty Years War (1618–1648). Catholic Austria and Lutheran Prussia were the major players. The Holy Roman Empire was dominated by the House of Habsburg throughout the Early Modern period. The German Renaissance, part of the Northern Renaissance, was a cultural and artistic movement that spread among German thinkers in the 15th and 16th centuries, which originated with the Italian Renaissance in Italy. This was a result of German artists who had traveled to Italy