Place - Global
Time - 1450 to 1750 CE (Early Modern)
Created a global network of exchange. Silver deposits in Bolivia (New Spain) were found and mined and brought via merchants to Philippine Islands. Ist link between Americas and Asia. China commanded taxes to be paid in silver. - value went up. Standard Spanish silver coin - piece of eight - used by merchants in all continents as a medium of exchange. Created in city of Potosi in the Andes. Horrendous mining conditions - supported Spanish Empire. Silver profit in Japan created unity (Industrial Revolution)