These are valuable resources discovered in large quantities in South America by European explorers during colonization. They were mined extensively and sent back to Europe which significantly boosted European economies.
Mercantilism: An economic theory that trade generates wealth and is stimulated by accumulation of profitable balances; it led Europeans to accumulate gold & silver from colonies.
Spanish Conquistadors: Spanish explorers who conquered large areas of Central and South America while searching for these precious metals.
The Triangle Trade Route: A system where slaves were traded for goods including precious metals between Europe, Africa & Americas.
AP US History - 1.4 Columbian Exchange, Spanish Exploration, and Conquest
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