Silver & Growth of World Trade
In what ways did American silver facilitate the growth of world trade?
The discovery of American silver and its subsequent influx into Europe and Asia had a significant impact on the growth of world trade, to the extent that it is accurate to say that the growth in trade at this time laid the foundations for a world economy. In the Early Modern Period there was a world market for silver, and “silver was a …
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…Century Europe’ in Ross, P., (ed.) The Impact of American Silver on the World, (Anales, 2, 2, 1993.)
7. Richards, J.F., (ed.), Precious Metals in the Later Medieval and Early Modern Worlds, (North Carolina: Carolina Academic Press, 1983)
8. Ross, P., (ed.) The Impact of American Silver on the World, (Anales, 2, 2, 1993.)
9. Smith, A.K., Creating a World Economy: Merchant Capital, Colonialism, and World Trade, 1400-1825, (Colorado, USA: Westview Press, 1991)
10. Vilar, P., A History of Gold and Money, 1450-1920, (London: NLB, 1976)
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