1. colonies
... the land. In these settlements, the Spanish raised cattle and sheep, but however, the most important product of New Spain was silver. All the native people mined silver in the mountians, and often at the expense of thier own lives. The silver that came to Spain financed it's trade with other counrtries, and it fueled a huge inflation of goods that lasted until 1600 ... . Most of the silver found in America eventualy wound up in India and China. European goods were not nearly as good to barter with the well manufatured Asian ... goods. For this, Europeans used thier gold and silver to tr...
- Word Count: 990
- Approx Pages: 4
- Grade Level: High School