Question

Which of the following developments significantly contributed to the increased flow of silver bullion into India through trade with Europe during the 16th-18th centuries?

Options

• The rise of the Ottoman Empire in Asia.

• The opening of the new world through voyages.

• The Ming Dynasty's expansion into Southeast Asia.

• The decline of the Safavid Empire in Asia.

Answer 1

The opening of the new world through voyages.

Explanation:

The discovery of the Americas brought vast amounts of silver to Europe, mainly from Spanish-controlled mines in the New World. European traders used this silver to purchase Indian textiles, spices, and other goods, significantly increasing the flow of silver bullion into India during the 16th to 18th centuries.