What eventually happened to about one-third of the silver bullion taken out of the colonies by Spain?

Question

Quizplus · Accepted Answer

About one-third of the silver bullion taken out of the colonies by Spain was traded to China to pay for silk and porcelain. This trade was known as the Manila Galleon Trade, which started in the 16th century and lasted for more than 250 years. The Spanish ships sailed across the Pacific, from Manila in the Philippines to Acapulco in Mexico, carrying silver and other goods to trade for Chinese goods.

What Eventually Happened to About One-Third of the Silver Bullion