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The fact that New World silver was used to finance the demand for Asian goods best describes world trade between 1450 and 1750.
The Great Circuit is the collective name for the trade routes that emerged in the Atlantic Ocean during this time. North America, South America, Europe, and Africa were all connected through the routes, which were also closely related to the ancient maritime trade routes that had been created in earlier times.
Along these trade routes, goods including silks, spices, perfumes, gold, ivory, and valuable stones like amber and coral were exchanged.
Transoceanic travel made it possible to connect the Eastern and Western hemispheres, which was a significant change during this time. Transoceanic links were made feasible because to technological advancements.
Tea, silk, porcelain, elaborate bronze mirrors, lacquerware, medicines, and paper were among the exports of Asia. In exchange, China got a wide variety of items, including horses, swords, woollen goods, glassware, rare metals, gems, silver and valuable stones.
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