Silver+Mining

=Silver Mining =

Silver Mining was a driving force behind a global economy as demand in China drove the mining industry from which silver was traded for silk, porcelain, and other Chinese goods. Great silver towns developed in the new world.  Potosi in Peru was the largest mine. Slaves and encomienda workers were used initially for the work. Later, a system of draft was instated similar to the mitas. The discovery of mercury greatly increased the production of silver. A merchant guild called a //consulado// controlled goods shipped to America and handled much of the silver recieved. Heavily armed ships called //galeons// were used to transport the silver belonging to the crown. The supply of American silver to Spain was continuous and made effort in the colonies seem worthwhile. Unfortunatley this left many bad longterm effects for Spain and the rest of Europe to deal with. They suffered great inflation.  

Created by: Allie Pinosky 12.07.08 Edited by Danielle Fishman 12/07/08 Edited by Christina Oelsner Dec. 10, 2008