Viceroyalty of Peru left|thumb|197x197px|Bozal African in Lima, 1805 The economy of the Viceroyalty of Peru largely depended on the export of silver.Viceryoalty of Peru, Encyclopedia Britannica. Academic edition. 2011. The huge amounts of silver exported from the Viceroyalty of Peru and Mexico deeply affected Europe, where some scholars believe it caused the so-called price revolution.Garner, Richard L. Long-Term Silver Mining Trends in Spanish America: A Comparative Analysis of Peru and Mexico Silver mining was carried out using contract and free wage labourers, as well as the encomienda system of slavery. The encomienda has been described as constituting genocide.Raphael Lemkin's History of Genocide and Colonialism, Holocaust Memorial Museum https://www.ushmm.org/confront-genocide/speakers-and-events/all-speakers-and-events/raphael-lemkin-history-of-genocide-and-colonialism Under the Spanish system, Cieza de León wrote that "with the disorder and greed of the Spaniards, the number of the people has fallen off to such a degree that most of them have disappeared, and they will be wiped out completely as a result of the covetousness and greed". Afro-Peruvians also appeared as a result of slavery in colonial Spanish America.Lockhart, James. Spanish Peru, 1532–1560: A Social History, 2nd ed., Madison, Wis., University of Wisconsin Press, 1994 p. 196 Silver production peaked in 1610.
Viceroyalty of Peru left|thumb|197x197px|Bozal African in Lima, 1805 The economy of the Viceroyalty of Peru largely depended on the export of silver.Viceryoalty of Peru, Encyclopedia Britannica. Academic edition. 2011. The huge amounts of silver exported from the Viceroyalty of Peru and Mexico deeply affected Europe, where some scholars believe it caused the so-called price revolution.Garner, Richard L. Long-Term Silver Mining Trends in Spanish America A Comparative Analysis of Peru and Mexico Silver mining was carried out using contract and free wage labourers, as well as the encomienda system of slavery. The encomienda has been described as constituting genocide.Raphael Lemkin's History of Genocide and Colonialism, Holocaust Memorial Museum https://www.ushmm.org/confront-genocide/speakers-and-events/all-speakers-and-events/raphael-lemkin-history-of-genocide-and-colonialism Under the Spanish system, Cieza de León wrote that "with the disorder and greed of the Spaniards, the number of the people has fallen off to such a degree that most of them have disappeared, and they will be wiped out completely as a result of the covetousness and greed". Afro-Peruvians also appeared as a result of slavery in colonial Spanish America.Lockhart, James. Spanish Peru, 1532–1560: A Social History, 2nd ed., Madison, Wis., University of Wisconsin Press, 1994 p. 196 Silver production peaked in 1610.