As the spanish established american colonies, they sent silver and gold mined in the americas to spain. spain, like many other european countries of the time, believed that a country's wealth depended on how much silver and gold it owned. this is an example of which type of economic system?

mercantilism

(Mercantilism was an economic system that was prevalent among European nations during the sixteenth, seventeenth, and eighteenth centuries. This economic policy greatly influenced the economic activities of European countries and their colonies. Because nations that followed this economic policy felt their power depended on the amount of silver and gold that they possessed, countries like Spain tried to acquire as much silver and gold as possible.) Hope this helps!:)

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