Quiz for Global Trade: Silver

Select the best answer. Click Submit for each question to turn in your work.

Question

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Correct: The answer is d. Potosí was far and away the most productive silver mine in the world, accounting for 60 percent of the world’s silver.
Incorrect: The answer is d. Potosí was far and away the most productive silver mine in the world, accounting for 60 percent of the world’s silver.

Question

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Correct: The answer is a. By the sixteenth century, all taxes in China were payable in silver, creating insatiable demand for the metal.
Incorrect: The answer is a. By the sixteenth century, all taxes in China were payable in silver, creating insatiable demand for the metal.

Question

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Correct: The answer is d. With so much easy money, there was little reason for the Spanish elite to support economic innovation.
Incorrect: The answer is d. With so much easy money, there was little reason for the Spanish elite to support economic innovation.

Question

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Correct: The answer is b. The need for finished goods to trade for silver led to the rise of a merchant class and a new specialization of regional production.
Incorrect: The answer is b. The need for finished goods to trade for silver led to the rise of a merchant class and a new specialization of regional production.

Question

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Correct: The answer is b. As the supply of Native American workers dwindled due to disease and overwork, mine owners turned to Africa for a new supply of slave labor.
Incorrect: The answer is b. As the supply of Native American workers dwindled due to disease and overwork, mine owners turned to Africa for a new supply of slave labor.