The value of precious metals flowing into Europe quadrupled with the Spanish exploitation of
A)gold mining in Mexico.
B)the gold found by Pizarro from El Dorado in Columbia.
C)the silver mines at Potosi in Peru.
D)gold found in Rio de la Plata.
E)silver in Guanajuato, Mexico.

Question

The value of precious metals flowing into Europe quadrupled with the Spanish exploitation of​
A)​gold mining in Mexico.
B)​the gold found by Pizarro from El Dorado in Columbia.
C)​the silver mines at Potosi in Peru.
D)​gold found in Rio de la Plata.
E)​silver in Guanajuato, Mexico.

Quizplus · Accepted Answer

The silver mines at Potosi in Peru were a major source of precious metals for the Spanish empire in the 16th century. The vast amount of silver extracted from these mines led to a quadrupling of the value of precious metals flowing into Europe. While gold was also found in other regions, such as Mexico and Columbia, it was the silver from Potosi that had the greatest impact on European commerce and helped fuel the growth of the global economy.

The Value of Precious Metals Flowing into Europe Quadrupled with the Spanish