Dennis Flynn and Arturo Giraldez argue that, along with silver mined in Japan, the silver mined at this city generated the “birth of global trade” in a namesake economic cycle. For 10 points each:
[10m] Name this Bolivian city whose Cerro Rico mine produced 80 percent of the world’s silver between the 16th and 18th centuries.
ANSWER: Potosí [or Villa Imperial de Potosí; accept Potosí/Japan cycle]
[10e] New World silver was traded to Asian markets from Acapulco on “galleons” named for this capital city of the Philippines.
ANSWER: Manila [or City of Manila or Maynila; accept Manila galleons]
[10h] The influx of precious metals from Spanish treasure fleets into European markets is thought to have caused this 16th- and 17th-century period of widespread inflation across Western Europe.
ANSWER: Price Revolution
<World History>