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Chapter Summary

Precious metals of the New World made their way westward to the Far East on the Manila galleons wending their way from Acapulco to the Philippines, a major entrepôt for silver and the oriental luxury goods for the mining barons of Mexico. The quantity and ultimate destination of gold and silver exported from the New World has become a much debated issue, particularly with the publication in 1985 of the book by the French economic historian Michel Morineau, Incroyables gazettes et faubleaux métaux. For the colonial period through independence, English historian John R. Fisher provided benchmarks on bullion shipments, although in somewhat less detail than his predecessors. Fisher examines commercial patterns in the Indies trade during the Napoleonic wars and wars of independence in Spanish America.

Keywords: Michel Morineau; silver production; Spanish America

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