Question

In the sixteenth and seventeenth centuries, what fueled the increase in global trade?

• A. The export of cheap labor in the form of slaves from Africa
• B. The active participation of the Chinese government in expanding trade
• C. The massive amounts of silver made available from New World mines
• D. The influx of New World cash crops like sugar and tobacco

Answer 1

The correct option is C The massive amounts of silver made available from New World mines

Precious metals, particularly silver, from mines located in presentday Peru and Mexico also enhanced Europe’s wealth and financed its trade with Asia. Legends spread in seventeenth-century Europe about South America’s fabled wealth. Many expeditions set off in search of El Dorado, the fabled city of gold.