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Gold, Silver, and other precious metals

Definition

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.

Related terms

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.

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Study guides (1)

  • AP US History - 1.4 Columbian Exchange, Spanish Exploration, and Conquest

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About Us

About Fiveable

Blog

Careers

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Terms of Use

Privacy Policy

CCPA Privacy Policy

Resources

Cram Mode

AP Score Calculators

Study Guides

Practice Quizzes

Glossary

Cram Events

Merch Shop

Crisis Text Line

Help Center

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.