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As the Spanish need for silver increased, new innovations for more efficient extraction of silver were developed, such as the amalgamation method of using mercury to extract silver from ore. [6] In the two centuries that followed the discovery of Potosí in 1545, the Spanish silver mines in the Americas produced 40,000 tons of silver. [7]
The Spanish mined American gold and silver at minimal cost and flooded the European market with an abundance of specie. This influx caused a relative decrease in the value of these metals in comparison with agricultural and craft products. [4] Furthermore, depopulation – specifically in southern Spain – resulted in a high rate of inflation. [4]
High value goods included cacao, quetzal feathers, and exotic animal skins, such as jaguars. Since goods had to be transported by human porters called tlameme in Nahuatl, bulk products such as maize were not part of the long-distance trade. Cacao beans functioned as a medium of exchange in the Aztec period.
While initially a crop of the Indian subcontinent, the cultivation of sugar in the New World had significant effects on Spanish society. New World sugar cultivation added to the growing power of the Spanish and Portuguese economies while also increasing the popularity of slave labor (which had severe impacts on African, American, and European societies).
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semi-processed products, such as fresh and frozen meats, flour, vegetable oils, roasted coffee, refined sugar; highly processed products that are ready for the consumer, such as milk, cheese, wine, breakfast cereals; high-value unprocessed products that are also often consumer-ready, such as fresh and dried fruits and vegetables, eggs, and nuts.
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