Global Silver Trade

Definition

The global silver trade refers to the widespread exchange of silver between Europe, Asia, and the Americas during the 16th century and beyond. This trade was driven by European colonization and exploitation of silver mines in the Americas.

Related terms

Mercantilism: An economic system during this time that emphasized accumulating wealth through trade, including precious metals like silver.

Columbian Exchange: The exchange of goods, ideas, and diseases between Europe, Africa, and the Americas as a result of increased global contact due to exploration and colonization.

Triangular Trade: A three-way trading network involving Europe, Africa, and the Americas that included goods such as slaves, raw materials (including silver), and manufactured products.