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Unformatted text preview: • Largest source of silver ever found up to this point. • Abundant enough to stimulate trade, rare enough to retain value. Potosi – Bolivia • First city in the New World to have a larger population larger than that in Teotihuacan • Mining city for precious metals (silver). Dollar – US currency Dolar in Spanish Pound – British currency Spanish silver was a prominent currency before the founding of America. British money was never influential in the American colonies Dolar was the weight of silver in a coin. Our original dollars were actually Spanish silver coins. Thaler – Germanic word for currency Name comes from silver found in Joachimthal Great Inflation of 16 th century Tremendous increase in the quantity of silver money....
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- Fall '10
- United States dollar, Dólar, actually Spanish silver, Teotihuacan Mining city