Where was silver discovered in the Americas by the Spanish?

The main silver regions found by 1600, and still active in the early twenty-first century, were located in the central Andes (in present-day southern Peru and western Bolivia) and in a 600-mile band of Mexican territory running northwest from Pachuca to Santa Bárbara.

Where did the Spanish find silver in the Americas?

After they conquered America in the 16th century, the Spanish exploited the considerable silver resources of Peru and Mexico. Every year, nearly 300 tons of silver were extracted from New World mines. The result was an intensive production of silver coinage minted in Peru or in Mexico.

Where did the Spaniards find silver?

In 1545 rich veins of silver ore were found in the Bolivian highlands in South America. A rush for silver was on, and that same year Spaniards began looking for silver in Mexico. In 1546 they found it in rugged mountains in Zacatecas, around 300 miles north of Guadalajara.

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Where was silver found in the Americas?

Between 1500 and 1800, Bolivia, Peru and Mexico accounted for over 85 percent of world silver production and trade as it bolstered Spanish influence in the New World and elsewhere. Later, mining spread to other countries, most notably the United States with the discovery of the Comstock Lode in Nevada.

When did the Spanish discover silver in the Americas?

In 1545 and 1546 two extremely rich veins of silver were discovered in modern day Bolivia and Mexico, specifically at Potosí and Zacatecas, respectively. Both of these territories were part of Spain’s extensive colonial empire and would, over the next 200+ years, become two of the largest mining cities in the world.

How did the Spanish extract silver?

The patio process is a process for extracting silver from ore. … It replaced smelting as the primary method of extracting silver from ore at Spanish colonies in the Americas.

Why was silver so important to the Spanish?

The American silver helped the Spanish king to finance his wars that were to assure the hegemony of Catholicism. … Hence, Spain was a mere channel for the silver to flow into the enterprising trading nations of Europe. The only thing Spain did was giving a special form to the silver.

Is Spain known for silver?

During the sixteenth century the population of Potosi grew to over 200,000 and its silver mine became the source of 60% of the world’s silver. Between 1545 and 1810 Potosi’s silver contributed nearly 20% of all known silver produced in the world across 265 years. It was at the core of the Spanish Empire’s great wealth.

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Where did Spain find gold and silver in the New World?

The Spanish worked alluvial gold deposits in the Caribbean, Mexico, and the Andes (especially in New Granada). Spanish settlers located all the main silver-bearing zones of Latin America in the sixteenth century. Some deposits of silver ore had been known to the native cultures.

Where did the Spanish discover gold?

In the 1970s, a treasure of silver and gold from a 1554 Spanish shipwreck was discovered off the coast of Texas. The wealth of the discovery speaks to Colonial Spain’s ambitions for gold and silver found in the Americas.

Who discovered silver in the Americas?

Spanish conquerors discovered that South America was home to rich veins of silver and silver ore, and they mined that wealth enthusiastically; according to the Silver Institute, an industry trade group, 85 percent of the silver produced worldwide came from Bolivia, Peru and Mexico between 1500 and 1800.

Where was silver found?

A majority of the world’s silver mines are located in Peru, Bolivia, Mexico, China, Australia, Chile, Poland, and Serbia. The pure form of silver can be found in the Earth’s crust, with the occurrence only being 0.08 parts per million.

Did silver come from the Americas?

Silver from the Americas flowed mostly across the Atlantic and made its way to the Far East. A popular route was around the Cape of Good Hope into the east, and sometimes it came over land. Major outposts for the silver trade were located in Southeast Asian countries, such as the Spanish Philippines.

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Why was the discovery of silver in Spanish America so important in the course of world history?

Why was silver important to Spain? It turned insignificant Spain, located at the edge of Europe, into the most powerful country of the entire world. The American silver helped the Spanish king to finance his wars that were to assure the hegemony of Catholicism.

How much silver did Spain take from South America?

During the 16th century, it has been estimated that Spain pulled 6300+ tonnes of silver[1]from its New World colonies.

Why was the discovery of American silver so important?

The discovery of large amounts of American silver became incredibly important as the new global currency. In Europe, it allowed massive economic growth and allowed Europe to buy Asian imports it could not have otherwise afforded.