SSC MTS EXAM

Detailed explanation-1: -The Famous Silver Mine Of Bolivia The famous silver mine of Potosí. To the Spanish, the phrase “valer una cosa un potosí” (to be worth a potosí) is to be worth a small fortune. This phrase comes from the name of a silver mine of nearly mythical proportions.

Detailed explanation-2: -In 1545 a native Peruvian named Diego Huallpa discovered the richest silver deposit the world has ever known: the Cerro Rico de Potosí, high in the mountains of southern Bolivia.

Detailed explanation-3: -Potosi was one of the world famous towns due to the tremendous occurences of silver producing more than 50% of the worlds silver production at that time (Figure 2). The population of about 160.000 inhabitants in 1600 was similar to the population of Amsterdam or London at that time.