Mercantilism: Mercantilism was an economic system that promoted government regulation and control of trade to increase a country's wealth. In relation to American silver, mercantilist policies encouraged countries to acquire as much of this precious metal as possible.
Transatlantic Trade: The transatlantic trade refers to the exchange of goods, including American silver, between Europe, Africa, and the Americas. This trade network played a crucial role in connecting different regions and facilitating the circulation of resources.
Inflation: Inflation refers to an increase in prices within an economy due to an excess supply of money. The influx of American silver into global trade networks led to inflationary pressures as more money circulated throughout various regions.