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Galleons and Caravans SILVER IN WORLD HISTORY Giorgio Riello Week 14.
Wednesday 28 January 2009 SILVER IN WORLD HISTORY
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EUROPE CHINA 1 OUNCE OF GOLD 12 OUNCES OF SILVER 2 OUNCES OF GOLD
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View of Potosi by Bernard Lens, in Map of South America, London c.1715
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Natives working in a money mine of Potosí (16th century)
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Trade in Silver and Other Commodities, 1650 - 1750
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"Manila had no purpose other than the trade in silver and silk"
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"When the Portuguese go from Macao in China to Japan, they carry much withe silk, gold, musk, and porcelain; and they bring from thence nothing but silver. They have a great carrack which goes there every year and she brings from thence every year above six hundred thousand cruzados [approximately 17,000 kilograms]. And all this silver ... they employ to their great advantage in China".
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