It is estimated that about one-third of the silver bullion taken out of the colonies by Spain ended up

Question

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The majority of the silver bullion taken out of the colonies by Spain ended up in China to pay for luxury goods such as silk and porcelain, as the Spanish were unable to produce these items domestically. This led to a significant trade imbalance between China and the Western world, as demand for Chinese goods increased while demand for Western goods remained relatively low.

It Is Estimated That About One-Third of the Silver Bullion