Chapter 16: World Economy

Question 1

Silver mines

Answer 1

Mexican silver mines important that Potosi Olivia was the most important
This Spanish revive the mita system in order to draft workers for short stints to work at the mines
Silver allowed Spain to build massive armies and grand new public buildings
Most silver sent to Europe pass through Spain to merchants elsewhere
Silver help build international commerce allowing Europeans by Asian imports that were once unaffordable
China and India got the most New World silver
Silver forms a greater gap between the rich and the poor