Spanish mines in America yielded ten times as much gold and silver as the rest of the world's mines together.

Question

Quizplus · Accepted Answer

This statement is true. Spanish colonies in America, particularly Mexico and Peru, were major sources of gold and silver during the 16th and 17th centuries. The amount of precious metals extracted from Spanish mines in the Americas was much higher than the output of mines from other continents during this time period.

Spanish Mines in America Yielded Ten Times as Much Gold