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Potosí, known as Villa Imperial de Potosí in the colonial period, is the capital city and a municipality of the Department of Potosí in Bolivia. It is one of the highest cities in the world at a nominal 4,090 m (13,420 ft). [3] For centuries, it was the location of the Spanish colonial silver mint. A considerable amount of the city's ...
The National Mint of Bolivia (Spanish: Casa de la Moneda de Bolivia) or the Mint of Potosí (in colonial era) is a mint located in the city of Potosí in Bolivia.It is from this mint that most of the silver shipped through the Spanish Main came.
In Bolivia's mines, the mit'a system was a dominant form of native labor subjection, although waged laborers worked on the mines as well. [15] Natives under the mit'a system were paid much less, and this was necessary for the production of silver to continue in Bolivia where costs were relatively high. [15]
Among Bolivia's largest mining facilities is the San Cristóbal mining complex, an open-pit silver, lead and zinc mine near the town of San Cristóbal, Potosí. The mine, operated by Sumitomo Corporation , produces approximately 1,300 metric tons of zinc-silver ore and 300 tons of lead-silver ore per day, as of August 2010 [update] , [ 12 ] by ...
Now one of the largest silver mines in Bolivia, and in the world, the Cerro Rico de Potosí mine to date has yielded an estimated 60,000 tons of silver, and deposits are thought to still contain estimated reserves of 1.76 billion ounces (50,000 tons) of silver and 540 million tons of ore grading 0.17% tin. [27]
The rapid decrease of the Indian population due to disease and exploitation by the mita also reduced silver output. After 1700, only small amounts of bullion from Upper Peru were shipped to Spain. [3] Kings from the Bourbon Dynasty in Spain tried to reform the colonial economy in the mid-eighteenth century by reviving mining. The Spanish crown ...
The silver real (Spanish: real de plata) was the currency of the Spanish colonies in America and the Philippines. In the seventeenth century the silver real was established at two billon reales (reales de vellón) or sixty-eight maravedíes. Gold escudos (worth 16 reales) were also issued.
The Sierra de la Plata legend likely corresponds to the Cerro Rico de Potosí in Bolivia, and the White King to the Inca Huayna Cápac. When Aleixo Garcia explored the region and discovered precious metals in the early 16th century, Spain had barely begun colonizing the coasts of Panama and Colombia, and Portugal had barely begun colonizing the ...