Yes, it was developed in the early 16th century.
Spain primarily traded with other European States in the 16th century, like the Austrian Empire or France.
16th century (1521).
Spain
16th
In the 16th century, Spain dominated the exploration and exploitation of the Americas. The Spanish Empire was one of the largest empires in history.
Silver
Spain
Spain did, on the 16th century.
Spain colonized Ecuador during the 15th and 16th Century.
Spain.
Spain claimed the area now known as the Philippines in the early 16th century, specifically in 1521 when Ferdinand Magellan arrived and claimed the islands for Spain.