Question

Discuss the effects of mining on the economy and society of Colonial Mexico

Please write two paragraphs, thank you!!

Answer 1

Following are the effects of mining on the economy and society of Colonial Mexico:

• Silver mining was the main source of exports in the Mexico which generated a major share for Mexico's economic growth.
• Mining productivity led to an increase in international trade.
• The society became financialy independent due to widespread opportunities for employment.
• New technology on blasting and processing of the mining products began to be adopted. This led to a scientific advancement.
• However, the other industries saw a set back more and more people concentrated on the mining industry due to more returns.
• Quality standards were set up on the traded materials.