The Spanish silver mines of Peru and Bolivia provided Euorope with a whole new currency. In what way would the Ottoman Empire be
influenced by these New World mines? Select one:
a.The silver mines of Peru and Bolivia would have little effect on the Ottoman Empire
b.Western Europe would grown economically from the influx of this precious metal.
c.Silver from the New World would have a lesser value in the Ottoman marketplace.
d.Classes would break out between Ottoman traders and European bankers over silver's value.
The correct answer is A) The silver mines of Peru and Bolivia would have little effect on the Ottoman Empire.
The Spanish silver mines of Peru and Bolivia provided Europe with a whole new currency. The way would the Ottoman Empire would have been influenced by these New World mines was the following: "The silver mines of Peru and Bolivia would have little effect on the Ottoman Empire."
The powerful Ottoman Empire had poor har-working people that basically lived from agriculture. We could say that society was an agrarian one. Under the Ottoman Empire, people lived from what they produced in their small farms and livestock. They traded some products with other people and make a day by day living.
So that is why we say that the silver mines of Peru and Bolivia did not have any effect on the Ottoman Empire's value of its economy.
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