1540's Spanish discover silver in Mexico and Peru (21 dic 1540 anni – 22 apr 1549 anni)

Descrizione:

Spanish discover silver in Mexico and Peru!

Potosi
- City built around Peruvian Silver (ends up with population of 200,000)
- Silver universally recognized as money
- Silver makes Spain powerful, but leads to inflation
- Inflation decreases quality of life for poor Europeans
- Europeans become interested in Americas
- Colonies like long term investments

More Context:
England most powerful protestant country at the time!
Spain most powerful Catholic country at the time!