chapter 14

There was not just the spice trade of Eurasia but also silver trade that was given birth to the global network of exchange. "Silver went round the world and made the world go round" says one of the historians. In the mid sixteenth century silver was discovered big around Bolivia and in Japan, then suddenly increased in metal. Spanish America had 85% of the worlds silver during the modern ear. Manila the capital of the Philippines was the annual Spanish shipment of silver which was drawn from the rich mines of Bolivia that was transported to Acapulco in Mexico and shipped across the pacific to the philippines.