Trade in 1750: Precious Metals
By: Jared Cepollina and Lizz Cross
Silver came from Latin America, specifically Mexico and Peru. It was then imported to Spain. Gold was from South America, and the entire region of Witwatersrand, and it was exported mainly to western Europe.
Gold was mainly traded in the late 1800s, and in 1886 there was also a major gold rush, while silver was traded throughout the entire 1800s.
Silver was a symbol of wealth that was commonly used most places. It was especially popular in China due to the currency being completely silver dominated. Gold was also used as a symbol of wealth, but when the gold standard was created in 1870, countries required gold in order to make their own wealth credible.