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skelet666 [1.2K]
3 years ago
13

What were the economic effects of the silver trade?

Social Studies
2 answers:
lana [24]3 years ago
3 0

Answer:

The devaluation of silver in China had a devastating financial effect on Spain as well — a fact that allowed its European competitors to gain the upper hand in a new global trade focused on sugar, tobacco, gold, and slaves."

hodyreva [135]3 years ago
3 0
The devaluation of silver in China had a devastating financial effect on Spain as well — a fact that allowed its European competitors to gain the upper hand in a new global trade focused on sugar, tobacco, gold, and slaves."
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