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Economic Impact of Mining in New Spain by ScribdTranslations is a document available to read on EtoBox.
Mining, especially silver extraction, played a fundamental role in the economic development of New Spain. Silver production increased enormously between the 18th and 19th centuries, leading to great prosperity. However, there were periods of stagnation between 1650-1750 due to a shortage of mercury and the depletion of veins. Mining boosted other industries and generated cities, although the life of miners was risky and unstable.
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