European Silver trade

As trade intensified leading into the 16th and 17th centuries, in the individual regions of the globe, the trade of silver greatly ascended and became the first product (along with gold) to be traded across all oceans and into all continents and communities. It's production and trade comprised to develop the worlds first global market, which in turn developed a global economy. In this opening of the global market Japan and Spain were the major …

…the East. After the silver trade died down Spanish prosperity went on a major decline. On the contrary the Japanese economy thrived and developed into one of the major political and financial nations of the modern world. Japan was graced with the supply of gold and copper after the decline of silver which indeed added to the Spanish demise and the Japanese prosperity however all success was derived by the results of the silver trade.