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What did Spain have to spend a lot of its American silver on?
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33 votes
33 votes
What did Spain have to spend a lot of its American silver on?

User Virtualeyes
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2 Answers

24 votes
24 votes
Spanish, along with other European nations, had a great desire for Chinese goods such as silk and porcelain. The Europeans did not have any goods or commodities which China desired, so they traded silver to make up for their trade deficit.
User Kewin Dousse
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3.0k points
19 votes
19 votes
I think goods such as silk, and other Asian goods
User Jennie Ji
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