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Ancient History

Before Oil: The 15 Most Precious Commodities In History

6. Silver

6. Silver
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Silver has been a cornerstone of monetary systems due to its relative abundance and versatility. In ancient Mesopotamia, it was used as a standard measure of value, with workers often compensated in silver or its equivalent in goods. The Egyptians also valued silver, acquiring it through trade, though it was less abundant than gold in their culture. In the Americas, particularly in the Spanish colonies, silver mining was a major economic driver. The Potosí mines in Bolivia, discovered in 1545, became a significant source of wealth for the Spanish Empire, producing vast amounts of silver that fueled global trade and economic development. This extensive silver extraction had profound impacts on the economies of Europe, Asia, and the Americas, contributing to the rise of global trade networks and economic upheavals. (worldhistory.org)

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