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The Silver Way: China, Spanish America and the Birth of Globalisation, 1565-1815 (Penguin Specials) The Silver Way: China, Spanish America and the Birth of Globalisation, 1565-1815 by Peter Gordon
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“Silver nevertheless became the commodity of the Manila galleon trade, a situation continually agonised over and sometimes regretted in the decades and centuries to come. But whether measured in the many tens of tons or several millions of pesos, a staggering amount of silver passed annually from the Americas into the Chinese money supply. Silver was so central to the developments of this period that the trans-Pacific trade route that we have calle it La ruta de la plata - a silver, rather than silk, road that changed the global economy forever.”
Juan José Morales Del Pino, The Silver Way: China, Spanish America and the Birth of Globalisation, 1565-1815