https://padlet.com/cfinley21/ufdem0fhpqws Chuck Finley en-us 2017-10-20 14:57:52 UTC 2025-06-08 13:25:04 UTC hello@padlet.com cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099004 The Spanish Silver Trade in 1500-1700 had a profound effect on the world economy and is often considered as the beginning of global economy. As Spaniards were traveling west their discovery of vast amounts of silver which fueled their trade economy.]]> 2017-10-20 15:20:51 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099004 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099035 Mainly used as currency but may be used for:

- Form of tax payments
- Used to trade for many items
- Traded with countries in mass amounts
- Before inflation, commodities  were very easy to obtain with silver



]]> 2017-10-20 15:20:56 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099035 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099106 Spanish silver originated in Spanish colonies and most of the silver was from the Potosi silver mine which was the biggest deposit discovered by the Spaniards. ]]> 2017-10-20 15:21:08 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099106 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099768 - People had to pay tax to the government in silver.
- The Spanish had circulated too much silver causing serious inflation.
- Value of silver drops and Spanish become less interested in trading silver.
- After trading with China Spain gets many commodities like, silk spices, gold, and more.
- Rise in Chinese produced luxury and religious items in Latin America.

]]> 2017-10-20 15:22:14 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/199099768 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/200364206 Merchants were allowed to use silver for trade and were not restricted by any regulations, rules, or laws. Although it was used as a currency to pay taxes around 1560. ]]> 2017-10-25 12:37:54 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/200364206 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/200364386 Spanish silver was transported on large ships to and from wherever it needed to go. The ships were not very reliant 1/3 of the ships that set sail did not make it.]]> 2017-10-25 12:38:16 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/200364386 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/200367742 2017-10-25 12:45:28 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/200367742 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/200369921 The production of Spanish silver requires endless amounts of labor and large amounts of investments. Not only is money and labor needed but technical expertise is critical for mining silver. To mine silver deep shaft mines were required and these were often owned by private individuals, men with serious amounts of money and a lot of experience in owning and operating larger enterprises. Indian laborers were lured]]> 2017-10-25 12:50:13 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/200369921 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/201059541 2017-10-27 00:36:40 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/201059541 cfinley21 https://padlet.com/cfinley21/ufdem0fhpqws/wish/201311570 2017-10-27 18:02:27 UTC https://padlet.com/cfinley21/ufdem0fhpqws/wish/201311570