Potosi Mines

Colonialism: This refers to the policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Mercantilism: An economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

Silver Flow: This term refers to the movement or circulation of Spanish silver from the mines in Americas (like Potosi) to Spain and then to Asia, particularly China. It played a significant role in early global trade.